EPIC RESEARCH MCX Nickel UPDATE OF 19 October 2018

# Nickel trading range for the day is 884.2-928.

# Nickel prices seen pressure as supply grew and as downstream consumption appeared to weaken.

# The global supply gap in nickel is likely to narrow in 2019, as output expands 10% to drive annual output to 2.46 million mt.

# Consumption of primary nickel would grow from the stainless steel and battery sectors. -



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