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Tuesday 9 October 2018

EPIC RESEARCH MCX Nickel UPDATE OF 09 October 2018

Nickel trading range for the day is 914.4-950.

* Nickel prices dropped as pressure seen amid concerns about economic and demand growth in China.

* Stocks across LME inventories continued to decline but on a smaller scale.

* Global demand for nickel is expected to increase to 2.42 million tonnes in 2019 versus a projection of 2.35 million in 2018.

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