EPIC RESEARCH MCX NICKEL UPDATE OF 18 JULY 2018

Nickel trading range for the day is 903.5-953.9. Nickel prices dropped in the wake of data that showed slowing growth in the Chinese economy and amid an intensifying trade spat with the US. China's economy expanded at a slower pace in the second quarter as Beijing's efforts to contain debt hurt activity, while a slowing property market also clouded the demand. China’s factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified.

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