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Wednesday 3 October 2018

EPIC RESEARCH MCX Nickel UPDATE OF 03 October 2018

Nickel trading range for the day is 891.9-932.5.

* Nickel settled flat pressured by a firmer dollar and the absence of Chinese participants due to a week-long holiday in China.

* Prices seen pressure following China’s decision to withdraw from planned trade talks with the US and the imposition of fresh tariffs between the two nations.

* The global nickel market deficit widened to 15,300 tonnes in July from a revised deficit of 13,600 tonnes in the previous month.

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