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Tuesday 15 January 2019

EPIC RESEARCH MCX Nickel UPDATE OF 15 January 2019

Nickel trading range for the day is 794-814.8.

Nickel dropped as prices depressed by the longest government shutdown in US history grew concern across investors.

Stocks increased 1,000 mt, or 3.6%, from a week ago and stood at 29,000 mt.

Nickel ore inventories across all Chinese ports shrank 390,000 wmt to stand at 13.22 million wmt.

Warehouse stock for Nickel at LME was at 199542mt that is down by -1554mt.

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