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Monday 17 September 2018

EPIC RESEARCH MCX Nickel UPDATE OF 17 September 2018



Nickel trading range for the day is 879.6-918.2.

* Nickel dropped as pressure on prices on worries that the U.S.-China trade dispute will damage growth.

* Slower production increases in Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price.

* China was considering allowing its northern provinces to determine their own restrictions on industrial output this winter.

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