EPIC RESEARCH MCX NICKEL UPDATE OF 28 JUNE 2018

Nickel trading range for the day is 976.8-1048. Nickel recovered on short covering after prices dropped after miners in the Philippines, called for an end to a six-year ban on new large-scale mining projects. Philippine miners sought lifting a ban on new large-scale mining projects after the state removed restrictions on fresh smaller ventures. The global nickel market deficit narrowed to 13,100 tonnes in April from a revised deficit of 16,600 tonnes in the previous month, the INSG said.

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