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Wednesday 12 December 2018

EPIC RESEARCH MCX Nickel UPDATE OF 12 December 2018

Nickel trading range for the day is 763-798.

Nickel dropped as the US dollar surged, LME nickel tumbled to close lower at $10,745/mt overnight.

Chinese banks extended 1.25 trillion yuan ($182 billion) in new yuan loans in November, up from 697 billion yuan in October.

The Labor Department said its producer price index (PPI) for final demand edged up 0.1% last month after jumping 0.6% in October.

Warehouse stock for Nickel at LME was at 210258mt that is down by -588mt.

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