EPIC RESEARCH MCX NICKEL UPDATE OF 5 JUNE 2018

Nickel trading range for the day is 1017-1049.8. Nickel gained as support seen after LME nickel rebounded to above the daily moving average with LME nickel inventory dropped. Premiums for nickel clambered off 15-month lows, rising by $25 to $190 according as the price window for imports turned more attractive. Shandong Xinhai Technology Co, has been told to cut back output ahead of the Shanghai Cooperation Organisation summit in nearby Qingdao.

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