EPIC RESEARCH MCX NICKEL UPDATE OF 30 MAY 2016

Nickel trading range for the day is 554.4-572.4.
Nickel prices gained tracking firmness in LME prices as investors bought futures to square positions.  
Headline imports of refined metal hit a new all-time record high of 49,012 tonnes in April.      
Global nickel market ended in small deficit of 8,400 tonnes in January-March 2016 with apparent demand exceeding production.

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