EPIC RESEARCH MCX NICKEL UPDATE OF 1 JULY 2016

Posted by Unknown on 14:38:00 with No comments
Nickel trading range for the day is 622.9-655.1.
Nickel prices dropped as pressure seen amid concerns over growth in top consumer China, despite of gains in other base metal prices.    
China's stainless steel mills used more refined nickel, after plants producing a cheaper, lower nickel alternative went bust.    
China's infrastructure investment in the first five months of 2016 grew 19.8 percent year-on-year, accelerating slightly from Jan-April. 


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