EPIC RESEARCH MCX NICKEL UPDATE OF 24 JUNE 2016
Posted by Unknown on 12:06:00 with No comments
Nickel trading range for the day is
612.8-623.2.
Nickel prices settled flat as market remained volatile before the U.K. vote on whether to stay in the European Union.
China’s refined nickel and nickel alloy imports rose 60 percent year-on-year but fell 23.4 percent month-on-month to 37,559 tonnes in May.
According to the International Nickel Study Group, the nickel market will be in a small deficit of 600 mt this year, for the first time since 2011.
Nickel prices settled flat as market remained volatile before the U.K. vote on whether to stay in the European Union.
China’s refined nickel and nickel alloy imports rose 60 percent year-on-year but fell 23.4 percent month-on-month to 37,559 tonnes in May.
According to the International Nickel Study Group, the nickel market will be in a small deficit of 600 mt this year, for the first time since 2011.
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