EPIC RESEARCH MCX NICKEL UPDATE OF 16 JUNE 2016

Nickel trading range for the day is 590.1-620.5.
Nickel saw some upside with LME nickel traded above $8,800 per metric ton, despite the fact that a major supply disruption was avoided.              
Workers at Colombia’s Cerro Matoso nickel mine reached an eleventh hour, averting a supply disruption at one of the world’s largest ferronickel mines.      LME Nickel prices remain below $9,000 per metric ton, not far off of the 13-year low of $7,580 per ton they hit in February.

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