EPIC RESEARCH MCX NICKEL UPDATE OF 22 AUGUST 2016

Posted by Anmol Shah on 12:19:00 with No comments

Nickel trading range for the day is 681.1-704.1. Nickel gains as support seen amid tightening global supplies because of a mining clampdown in the Philippines and rising demand. Global nickel market ended in deficit of 80,800 tonnes in January-June 2016 with apparent demand exceeding production. Nickel ore inventories at seven major Chinese ports fell in the week ending Aug. 19 after growing for three weeks in a row.For more Accurate COMMODITY TIPS ✆ – 0731-6642300

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