EPIC RESEARCH MCX NICKEL UPDATE OF 19 DECEMBER 2016

Nickel trading range for the day is 743.6-780.4. Nickel prices dropped as pressure seen on prices after update the global nickel market moved to a surplus. Data showed the global nickel market moved to a surplus of 900 tonnes in October from a deficit of 500 tonnes a month before. News that the Philippines government had cancelled permits for another three mines on environmental grounds did little to support the metal.

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