EPIC RESEARCH MCX NICKEL UPDATE OF 17 AUGUST 2018

Nickel trading range for the day is 900.8-960.8. Nickel dropped as investors remain concerned over a slowdown in the economy of top metals consumer China. Fixed-asset investment expanded by a below consensus 5.5 percent in January-July, a result of Beijing’s crackdown on lavish local government borrowing. Industrial output, which has a strong correlation with industrial metals demand growth, rising 6 percent year-on-year in July was also below forecast.


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