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Friday 7 December 2018

EPIC RESEARCH MCX Nickel UPDATE OF 7 December 2018

Nickel trading range for the day is 745.9-799.9.

* Nickel dropped as pressure after the arrest of a top Chinese executive in Canada dampened hopes for a resolution to the U.S.-China trade conflict.

* The Philippine Nickel Industry Association (PNIA) is projecting a decline in nickel production of 10-20% in 2019

* 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.

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