EPIC RESEARCH MCX NICKEL UPDATE OF 17 AUGUST 2016

Posted by Anmol Shah on 14:25:00 with No comments
Nickel trading range for the day is 674-705.2. Nickel dropped as pressure seen after LME nickel stocks rose 4,944 tonnes highlighting good availability of inventories to supply the market. Nickel rebounded from the lowest closing price in a month as UBS Group AG said the full impact of mine shutdowns in the Philippines is still to come. Nickel resisted the stronger trend as investors had second thoughts about the impact of a environmental audit of mines in the Philippines.                  
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