Nickel trading range for the day is 870.3-931.5.
Nickel prices remained under pressure amid soaring nickel output in China and Indonesia to record levels.
LME Nickel prices finished down 3.2 percent at $12,570 a tonne, falling below its technically important 200-day moving average.
Smelter expansion in the two Asian countries will result in a 12 percent rise in NPI production to a record 840,000 tonnes this year.
Warehouse stock for Nickel at LME was at 200490mt that is down by -264mt.
Subscribe now for best COMMODITY TIPS
For quick free trial click here < +917316642316
Connect with our social media sites
| YouTube | Google+ |
0 on: "EPIC RESEARCH MCX Nickel UPDATE OF 11 February 2019"