EPIC RESEARCH MCX NICKEL UPDATE OF 9 MAY 2018

Nickel trading range for the day is 907.5-961.5. Nickel prices dropped tracking weakness in other base metals on investor uncertainty surrounding potential Iran sanctions. China's ferronickel imports in April is expected to register at 13,400 mt in metal content, down from 17,700 mt in metal content in March. China’s top economic official will visit Washington next week to resume trade talks, after discussions in Beijing last week failed to produce agreement.

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