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Thursday 4 October 2018

EPIC RESEARCH MCX Nickel UPDATE OF 04 October 2018

Nickel trading range for the day is 896.3-982.1.

* Nickel prices gains tracking firmness in other base metals on hopes of improved demand in China.

* A second large nickel mine in New Caledonia has been blockaded, stopping about 200 people from going to work.

* Nickel inventories in the Shanghai bonded areas decreased 2.3% or 1,000 mt over the week to stand at 43,000 mt, data showed.

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