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Wednesday, 24 January 2018

EPIC RESEARCH MCX NICKEL UPDATE OF 24 JANUARY 2018


Nickel trading range for the day is 794-831.8. Nickel gains supported by tight supply in the short term including the maintenance work at Jiangsu Delong and the fire accident at Jinchuan Group. The SHFE inventory dropped to 57,165 mt, consumption for domestic nickel has increased as import windows for Russian material remained closed. Data showed euro zone consumer confidence jumped much more than expected in January.

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