EPIC RESEARCH MCX NICKEL UPDATE OF 4 MAY 2018

Nickel trading range for the day is 904.5-957.9. Nickel dropped on profit booking as the market fretted about the outcome of Sino-U.S. trade talks that would start later in Beijing. LME nickel stocks, at their lowest since mid-2014 and Shanghai Futures Exchange nickel stocks near their lowest since November 2015, also illustrate the tightness. The International Nickel Study Group last week nearly doubled its global nickel deficit forecast for 2018 to 117,000 tonnes.

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