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Thursday 20 December 2018

EPIC RESEARCH MCX Nickel UPDATE OF 20 December 2018

Nickel trading range for the day is 747.4-781.

* Nickel gained on short covering tracking firmness in LME prices as the dollar remained weaker.

* The global nickel market deficit widened to 19,600 tonnes in October from the previous month's revised deficit of 9,000 tonnes.

* A Philippine government panel has deferred a recommendation to lift a six-year-old moratorium on new mining projects.

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