EPIC RESEARCH MCX NICKEL UPDATE OF 23 MARCH 2018

Nickel trading range for the day is 829.7-895.3. Nickel dropped on fears that an escalating trade spat between China and the United States, could derail global growth. The global nickel market deficit widened to 15,800 tonnes in January from a revised deficit of 12,300 tonnes in the previous month, INSG said. China accused US of “repeatedly abusing” trade practices, as Beijing braced for U.S. President Donald Trump’s tariffs on Chinese imports worth up to $60 billion.

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