EPIC RESEARCH MCX NICKEL UPDATE OF 20 JULY 2016

Posted by Unknown on 11:49:00 with No comments
Nickel trading range for the day is 687.4-717.6.
Nickel fell amid profit booking after prices rallied in last session on concerns of lower shipments from the Philippines to China.  
The Philippines' top nickel producer Nickel Asia reported an 11.8 percent drop in nickel ore shipments in the first half of 2016.    
The drop in shipments fanned supply concerns after the country launched an environmental crackdown on mining last month.


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