EPIC RESEARCH MCX NICKEL UPDATE OF 9 JULY 2018

Nickel trading range for the day is 941-985. Nickel prices dropped weighed down by intensifying trade tensions between the U.S. and China. U.S. tariffs on $34 billion worth of Chinese products – and retaliatory Chinese tariffs on U.S. goods of the same value – are expected to kick in. With fewer working days in June than May, nickel production in China dipped 2.5% month-on-month in June to 11,900 mt.

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