EPIC RESEARCH MCX NICKEL UPDATE OF 29 MAY 2018

Nickel trading range for the day is 983.1-1006.3. Nickel prices seen some support amid shrinking LME and domestic nickel inventories. Nickel ore inventories across all Chinese ports increased 170,000 wmt from last Friday to 8.12 million wmt. Nickel ore stocks across seven major Chinese ports grew 120,000 wmt from the previous week and registered 5.45 million wmt.

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