EPIC RESEARCH MCX NICKEL UPDATE OF 20 MARCH 2018

Nickel trading range for the day is 861.5-892.5. Nickel prices faced downward pressure recently as nickel ore imports from the Philippines are likely to pick up when the weather improves. Lower inventories of nickel are likely to support prices in the short term, given little pressure from imports from the Philippines and Indonesia. Nickel ore inventory at Chinese ports dropped to 6.63 million wmt as of now, data showed.

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