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Monday, 11 April 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 11 APRIL 2016

Nickel trading range for the day is 558.2-583.2.
Nickel prices gained tracking firmness in LME prices climbing 1.97 percent to $8,560 a tonne at the close.          
Prospects for more supplies globally and weak demand in top-user China are damping sentiment.      
More supply of nickel ore will cut into demand for refined nickel from China's huge stainless steel industry.

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