EPIC RESEARCH MCX NICKEL UPDATE OF 28 AUGUST 2018

Nickel trading range for the day is 925.8-940.6. Nickel prices traded in range due to lack of direction as LME was closed but current low inventories likely to bolster prices. China is likely to produce 400,000 mt, in metal content, of high-grade nickel pig iron (NPI) within this year. Domestic production of high-grade NPI picked up after nationwide environmental reviews from May to June.

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