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Thursday 21 February 2019

EPIC RESEARCH MCX Nickel UPDATE OF 21 February 2019

Nickel trading range for the day is 892.8-927.6.

Nickel gained after U.S-China trade talks resumed while investors awaited minutes from the U.S. Federal Reserve for clues on policymakers' thinking on interest rates.

U.S. President Donald Trump said that trade talks with China were going well and suggested he was open to pushing off the deadline to complete negotiations.

Better-than-expected Chinese lending data meanwhile suggested that demand from the world's biggest consumer of metals will remain strong.

Warehouse stock for Nickel at LME was at 200322mt that is down by -246mt.

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