EPIC RESEARCH MCX NICKEL UPDATE OF 20 JULY 2018

Nickel trading range for the day is 897.3-943.3. Nickel dropped as prices remained under pressure amid fears that an escalating trade spat between US and China could hit demand, particularly if Chinese growth is affected. Indonesia Q2 nickel in matte production at 18,893 tonnes versus 20,107 tonnes in Q2 2017. The US housing starts tumbled 12.3% to a seasonally adjusted annual rate of 1.17 million units in June, the lowest level since September 2017.

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