EPIC RESEARCH MCX Nickel UPDATE OF 11 October 2018

Nickel trading range for the day is 928.6-968.2.

* Nickel dropped on profit booking after prices seen supported after Environmental restrictions are likely to support nickel prices into the winter.

* Also Winter cuts will impact NPI prices to a greater extent this year than the last and this is likely to keep nickel prices tighter over winter.

* In Indonesia, NPI production will increase in the fourth quarter, driven by increasing operating rate from Delong and more capacity slated to be commissioned.

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