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Wednesday 12 September 2018

EPIC RESEARCH MCX Nickel UPDATE OF 12 September 2018

Nickel trading range for the day is 874.2-909.6.

* Nickel dropped as an intensifying trade war between Washington and Beijing raised concerns over demand for industrial metals in top consumer China.

* China will respond if the United States takes any new steps on trade, after U.S. President Donald Trump warned he was ready to slap tariffs.

* China’s trade surplus with US widened to a record in August even as its export growth slowed slightly, an outcome that could push Trump to turn up the heat on Beijing.

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