EPIC RESEARCH MCX NICKEL UPDATE OF 24 OCTOBER 2017

Nickel trading range for the day is 753.2-781.8. Nickel prices ended with gains bolstered by gains in Chinese steel prices. The Nickel market was in deficit during January to August 2017 with apparent demand exceeding production by 40.2 kt. In August 2017, nickel smelter/refinery production was 158.5 kt and consumption was 159.1 kt.

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