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Thursday 26 July 2018

EPIC RESEARCH MCX NICKEL UPDATE OF 26 JULY 2018

Nickel trading range for the day is 906.9-957.3. Nickel gained amid continued concerns about tight supplies over more stringent environmental measures. China will adopt a more vigorous fiscal policy to help tackle external uncertainties without resorting to strong policy stimulus. Inventories across all Chinese ports increased by 360,000 wmt from a week ago to 9.85 million wmt.

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