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Tuesday, 31 January 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 31 JANUARY 2017

Nickel trading range for the day is 638.2-667.4. Nickel gained as some buying return as investors judged the recent selloff over the reversal of the Indonesian export ban overdone. 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. Global financial markets will be busy with central bank meetings in the week ahead, with policy decisions due in the U.S., U.K. and Japan.

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