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Tuesday 16 October 2018

EPIC RESEARCH MCX Nickel UPDATE OF 16 October 2018

Nickel trading range for the day is 912.1-950.3.

* Nickel prices dropped as a trade war between the United States and the world’s top industrial metals consumer China weighed on the market.

* China imported 5.77 million mt of nickel ore in Aug, up 32.8% from Jul and 23.3% from the corresponding month in 2017.

* The dollar edged up reflecting investor confidence in the US economy, despite criticism by President Donald Trump of the Federal Reserve.

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