EPIC RESEARCH MCX NICKEL UPDATE OF 13 OCTOBER 2017

Nickel trading range for the day is 719.3-751.7. Nickel prices gained as support seen after China's top steelmaking city enforces winter smog steps early. With nickel pig iron furnaces being targeted for shutdown over the upcoming winter, demand for refined nickel from the international market looks strong.The top Chinese steelmaking city of Tangshan has ordered mills to cut output a month earlier than expected to meet tough 2017 air quality targets.




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