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Wednesday 28 November 2018

EPIC RESEARCH MCX Nickel UPDATE OF 28 November 2018

Nickel trading range for the day is 750.5-768.9.

* Nickel dropped amid stronger US dollar on expectations of further interest rate hikes limited the increase ahead of this week's G-20 summit in Argentina.

* Nickel inventories in the Shanghai bonded areas barely changed from a week earlier at 29,500 mt as of now, data showed.

* US President Trump, who is due to meet Chinese President Xi Jinping said that if negotiations were unsuccessful, he would also impose tariffs on the rest of Chinese imports.

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