EPIC RESEARCH MCX NICKEL UPDATE OF 10 MAY 2018

Nickel trading range for the day is 923-946.2. Nickel recovered on short covering after prices remained under pressure as caution over the Iran nuclear deal weighed. Prices of nickel pig iron (NPI) in the domestic market are likely to rise as supply shrank and as traders stockpiled last week. Industrial manufacturers in Shengfang town, Bazhou, Hebei province have been required to cut production in response to the region’s orange alert of heavy pollution.

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