EPIC RESEARCH MCX NICKEL UPDATE OF 17 APRIL 2018

Nickel trading range for the day is 892.6-956.4. Nickel prices gained as support seen after China's Tangshan imposes further steel cuts after smog forecast. Steel mills have been ordered to cut 50 percent of sintering capacity over and above the existing output restrictions in place until November. Nickel ore production at PT Aneka Tambang (Antam) surged 301% year on year to 2.11 million wet metric tonnes (wmt) in January-March of this year.

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