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Friday 12 October 2018

EPIC RESEARCH MCX Nickel UPDATE OF 12 October 2018

Nickel trading range for the day is 907.3-956.5.

Nickel dropped as investors feared an escalating U.S. trade war with China and risks from a recent climb in interest rates.

The International Monetary Fund also reduced its global economic growth forecasts for 2018 and 2019 to 3.7 percent from a July forecast of 3.9 percent for both years.

US producer prices increased 0.2% in September, reversing an unexpected decline of 0.1% in August.

Warehouse stock for Nickel at LME was at 224928mt that is down by -600mt.

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