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Wednesday 13 March 2019

EPIC RESEARCH MCX Nickel UPDATE OF 13 March 2019


Nickel trading range for the day is 897.6-927.4.

* Nickel prices gained amid low inventory levels and recovering demand.

* Prices also gained supported by maintenance at nickel pig iron plants in China's Inner Mongolia.

* Data from the INSG shows the nickel market deficit at 46,000 tonnes in 2016, 115,000 tonnes in 2017 and 127,000 tonnes last year.


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