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Wednesday 30 January 2019

EPIC RESEARCH MCX Nickel UPDATE OF 30 January 2019

Nickel trading range for the day is 828.7-884.3.

* Nickel prices gained as declines in China’s nickel inventories improved confidence.

* China's output of nickel pig iron, is expected to rise by about 5 percent this year to 500,000 tonnes due to capacity launches.

* The global nickel market deficit narrowed to 4,900 tonnes last November from the previous month's revised deficit of 10,600 tonnes.

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