EPIC RESEARCH MCX NICKEL UPDATE OF 8 JUNE 2018

Nickel trading range for the day is 1016.3-1075.3. Nickel prices dropped on profit booking after prices gained amid intensive environmental protection initiatives in China. Nickel prices have been supported by falling inventories and rising Chinese demand right from the onset of 2018. LME Nickel stocks are currently standing at four-year low tonnes while Shanghai inventories at present stand at 30-month low.

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