EPIC RESEARCH MCX NICKEL UPDATE OF 11 JULY 2018

Nickel trading range for the day is 955.3-984.5. Nickel gained on short covering bolstered by upbeat Chinese economic data. The Philippines' nickel ore exports may drop to 30-35 million tonnes this year from 36 million tonnes in 2017 amid weaker prices. The Philippines is the world's No. 2 nickel ore supplier after Indonesia, shipping the bulk of its output to top buyer China where it is used to make stainless steel.

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