EPIC RESEARCH MCX NICKEL UPDATE OF 18 JULY 2016

Posted by Farhan Khan on 12:57:00 with No comments
Nickel trading range for the day is 672.7-709.9.
Nickel prices dropped as the dollar rallied after stronger than expected U.S. economic data.    
The global nickel market deficit widened to 11,200 tonnes in May, as low prices weighed on refined output from China, while demand slowly improve.              
China’s primary nickel market remains in supply surplus after large imports of nickel plate, despite consumption growth.


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