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Monday 15 October 2018

EPIC RESEARCH MCX Nickel UPDATE OF 15 October 2018

Nickel trading range for the day is 915.1-957.3.

* Nickel prices dropped as pressure seen after nickel ore inventories across all Chinese ports grew 130,000 wmt to 13.71 million wmt.

* Some 10,900 mt of nickel was produced across China in September, standing 12.47% lower than the same period last year.

* China’s output of low-grade NPI increased by 3% to 4,500 mt in nickel content as some producers in the east resumed operation.

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