EPIC RESEARCH MCX NICKEL UPDATE OF 11 MAY 2018

Nickel trading range for the day is 921.9-940.9. Nickel prices dropped tracking LME prices dropped 0.3 percent to $13,880 a tonne despite data showed China’s producer inflation picked up for the first time in seven months. Nickel demand falls on NPI output growth in China and Indonesia. As the monsoon season in Indonesia ended, the grade of NPI slightly increased and supplies rose.

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