EPIC RESEARCH MCX NICKEL UPDATE OF 12 JULY 2018

Nickel trading range for the day is 919.8-987.6. Nickel prices dropped as ongoing uncertainty around Sino-US trade relations hampers the prices. The Philippines' nickel ore exports could drop by up to 17 percent this year as weaker prices curb output in the world's second-biggest supplier. Philippine President Rodrigo Duterte warned he would soon halt mining in the Southeast Asian nation because of the environmental damage it has caused.

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