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Monday 10 December 2018

EPIC RESEARCH MCX Nickel UPDATE OF 10 December 2018

Nickel trading range for the day is 760.4-793.2.

Nickel prices rallied amid a weaker dollar and resurgent trade tensions between the United States and China.

Nickel ore inventories across all Chinese ports increased by 20,000 wmt from a week ago to stand at 13.86 million wmt as of Friday December 7, data showed.

BHP said it had received approval from the government of Western Australian to develop a nickel mine in the state that will feed its Nickel West battery chemicals business.

Warehouse stock for Nickel at LME was at 210870mt that is down by -6mt.

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