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Friday 13 July 2018

EPIC RESEARCH MCX NICKEL UPDATE OF 13 JULY 2018

Nickel trading range for the day is 951.9-993.9. Nickel gained as support seen the Chinese government’s intensive environmental initiatives continued to limit the production of nickel pig iron. The Philippines' nickel ore exports could drop by up to 17 percent this year as weaker prices curb output in the world's second-biggest supplier. Nickel ore inventory across all Chinese ports increased 320,000 wmt from a week ago to 9.18 million wmt.

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