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Wednesday, 20 April 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 20 APRIL 2016

Nickel trading range for the day is 590-623.2.   
Nickel gains fuelled by a talk of stockpiling by China's state buyer and 24% percent reduction in China's nickel output in the first two months of the year.           
The global market for refined nickel swung to a small 3,600-tonne surplus in February, from a deficit the month before, INSG data showed.       
China and other major steel-producing countries failed on Monday to agree measures to tackle a global steel crisis. 

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