EPIC RESEARCH MCX NICKEL UPDATE OF 17 JULY 2018

Nickel trading range for the day is 915.4-958.2. Nickel dropped on lower demand expectations after China's top steelmaking city, Tangshan, ordered steel mills to shut sintering plants for five days. China's economic growth slowed in the second quarter as the government's efforts to tackle debt risks crimp activity and an intensifying trade war. China’s June crude steel output on a daily basis reached its highest since at least May 2014, according to National Bureau of Statistics data.

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