EPIC RESEARCH MCX NICKEL UPDATE OF 26 APRIL 2018

Nickel trading range for the day is 923.2-961.8. Nickel prices gained tracking rise in LME prices on low level buying after prices dropped as fears of sanctions spreading eased. The Philippines' Nickel Asia Corp, said its 2018 export plans remain unchanged despite the government's intention to limit mining areas. Cuba forecasts nickel plus cobalt sulfide production will exceed 50,000 tonnes this year even as prices rise.

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