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Tuesday 18 December 2018

EPIC RESEARCH MCX Nickel UPDATE OF 18 December 2018

Nickel trading range for the day is 777.1-796.5.

Nickel dropped as heightened concerns of a global economic slowdown reduced appetite for riskier assets.

Nickel inventories in the Shanghai bonded areas remained flat from last Friday and stood at 29,000 mt.

In China, retail sales grew in November at their slowest pace since 2003 and industrial output rose the least in nearly three years.

Warehouse stock for Nickel at LME was at 209592mt that is down by -96mt.

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