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Friday 20 April 2018

EPIC RESEARCH MCX NICKEL UPDATE OF 20 APRIL 2018

Nickel trading range for the day is 904.1-1141.7. Nickel dropped on profit booking after prices gained on reports that hat Russian mining firm Norilsk Nickel could be caught up in U.S. sanctions against Moscow. The global nickel market deficit narrowed to 2,500 tonnes in February from a revised deficit of 15,800 tonnes in the previous month, the INSG said. During the first two months of the year, the deficit widened to 18,300 tonnes from 12,400 tonnes in the same period of 2017.

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