EPIC RESEARCH MCX NICKEL UPDATE OF 24 JULY 2018

Nickel trading range for the day is 905.7-940.5. Nickel prices remained under pressure on worries of weaker demand because of trade tensions and a slowdown in top metals consumer China. PBoC injects $74bn into banking system as China’s economy slows. China launched an anti-dumping probe into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore.

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