EPIC RESEARCH MCX NICKEL UPDATE OF 25 JULY 2016

Nickel trading range for the day is 681.5-724.5.
Nickel prices ended with losses as some investors locked in profits from a recent rally but prices gained on weekly basis.              
Nickel surging 23 percent, since June 1, boosted by concerns the Philippines will intensify a crackdown on mining companies that do not meet environmental standards  Global nickel market ended in deficit of 42,600 tonnes in January-May 2016 with apparent demand exceeding production, according to WBMS data.


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