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Thursday 6 December 2018

EPIC RESEARCH MCX Nickel UPDATE OF 6 December 2018

Nickel trading range for the day is 774.4-803.4.

Nickel rebounded on short covering after investors remained cautious on lingering concerns over US-China trade.

Indonesia has granted permission for two commodity companies in the country to restart exports of nickel ore as they have made progress on smelter projects.

The mining ministry in August revoked export permits for a combined 4,222,119 tonnes of nickel ore shipments.

Warehouse stock for Nickel at LME was at 211284mt that is down by -1512mt.

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