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Monday, 25 April 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 25 APRIL 2016

Nickel trading range for the day is 583.3-631.5.
Nickel ended flat as LME nickel ended unchanged at $9,100 after moving as high during the day to $9,360 as market sentiment turned more upbeat.
Many larger miners said they are considering potential shutdowns at loss-making operations.
Factory conditions in the U.S. remain soft as the PMI Manufacturing Index flash reading for April fell 0.6 to 50.8, sharply below expectations.

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