EPIC RESEARCH MCX NICKEL UPDATE OF 17 JUNE 2016

Nickel trading range for the day is 588-607.6.    
Nickel prices dropped s after union workers at Colombia's Cerro Matoso nickel mine cancelled plans to strike after reaching a deal on pay increases and benefits.
Expectations of a nickel market deficit this year are partly behind the more than seven percent gain since late May.    
Stocks of nickel in LME approved warehouses at 388,620 tonnes are down more than 14 percent since Jan. 18.

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