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Wednesday, 24 October 2018

EPIC RESEARCH MCX Nickel UPDATE OF 24 October 2018

Nickel trading range for the day is 897.9-921.1.

Nickel dropped as producer in east China plans to commission new capacity at the end of this month.

The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe.

LME nickel stocks have shrunk by about 40 percent this year, largely from warehouses in Malaysia, Taiwan and Singapore, but much of that metal is not being consumed.

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