EPIC RESEARCH MCX NICKEL UPDATE OF 14 JULY 2016

Posted by Farhan Khan on 11:58:00 with No comments
Nickel trading range for the day is 668.4-726.    
Nickel dropped tracking weakness in LME prices on profit booking drove prices down 1.3 percent to end at $10,350 after hitting $10,670, its highest since October.          
The stainless steel making ingredient has been buoyed by a mining crackdown in the Philippines, the largest supplier of nickel ore to China.      
The Philippine crackdown is likely to have only a muted impact on exports to China in the short term.


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