EPIC RESEARCH MCX NICKEL UPDATE OF 09 DECEMBER 2016

Posted by aditi on 11:21:00 with No comments
Nickel trading range for the day is 731.8-784.6. Nickel dropped as the dollar rebounded after seen supported on the back of expectations for more mining suspensions in the Philippines. The Philippines Environment and Natural Resources Secretary Regina Lopez told there will “definitely” be more mine suspensions. According to the data from the Mines and Geosciences Bureau, Philippine nickel production fell 16% in the third quarter of 2016, year over year.

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