EPIC RESEARCH MCX NICKEL UPDATE OF 27 JULY 2018

Nickel trading range for the day is 925.6-951.6. Nickel prices gained as support seen after Chinese government’s recent fiscal stimulus. A high-grade nickel pig iron (NPI) plant in north China has suspended its production since last week on environmental concerns. Inventories across all Chinese ports increased by 360,000 wmt from a week ago to 9.85 million wmt.

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