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Tuesday, 17 January 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 17 JANUARY 2017

Nickel trading range for the day is 687.9-713.5. Nickel slid below 700 mark as a firmer U.S. dollar pressured the market and the resumption of nickel ore exports from Indonesia. Indonesian mines may export up to 5.2 million tonnes of nickel ore a year under the country's new rules, the mining minister said Slight support can be seen as Indonesia's abrupt easing of a three-year ban on nickel ore exports will not flood the global market.




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