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Thursday 28 February 2019

EPIC RESEARCH MCX Nickel UPDATE OF 28 February 2019

Nickel trading range for the day is 905.2-938.6.

Nickel gained as the market digested the US-China trade optimism, supply concerns in China and overseas.

U.S. Federal Reserve Chairman Jerome Powell said he is in "no rush to make a judgment" about further changes to interest rates.

Weather bureau of China's eastern coastal Jiangsu province lifted the smog orange alert for eight cities along.

Warehouse stock for Nickel at LME was at 197682mt that is down by -348mt.

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