EPIC RESEARCH MCX NICKEL UPDATE OF 9 AUGUST 2018

Nickel trading range for the day is 947.2-969. Nickel gained on high downstream demand and falling stock across SHFE warehouses. Discounts of high-grade nickel pig iron (NPI) to refined nickel prices are expected to widen this month due to an increasing supply of the former. The overall production of high-grade NPI is likely to increase by over 10% this month to 33,100 mt in metal content.

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