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Wednesday, 4 April 2018

EPIC RESEARCH MCX NICKEL UPDATE OF 4 APRIL 2018


Nickel trading range for the day is 867.1-891.3. Nickel prices pared gains on profit booking after prices seen supported fuelled by falling stocks in warehouses monitored by the Shanghai Futures Exchange (ShFE). Investor worries over a tit-for-tat trade spat between the United States and China were likely to fade out. U.S. factory activity slowed in March amid shortages of skilled workers and rising capacity constraints.

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