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Wednesday, 19 December 2018

EPIC RESEARCH MCX Nickel UPDATE OF 19 December 2018

Nickel trading range for the day is 738.9-793.3.

Nickel dropped as investors concerned about global economic growth waited to see whether the U.S. Fed would raise interest rates for a fourth time this year.

The global nickel market deficit widened to 19,600 tonnes in October from the previous month's revised deficit of 9,000 tonnes.

During the first 10 months of the year the deficit widened to 118,700 tonnes from 86,500 tonnes in the same period of 2017, the INSG data showed.

Warehouse stock for Nickel at LME was at 209784mt that is up by 192mt.

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