EPIC RESEARCH MCX NICKEL UPDATE OF 13 DECEMBER 2016

Posted by aditi on 10:43:00 with No comments
Nickel trading range for the day is 754.2-775. Nickel dropped on profit booking after prices seen supported by prospects of falling ore exports from the Philippines. Philippines authorities have said there will "definitely" be more mine suspensions when the ruling on the 20 facing suspension is released. The market remains buoyant given growing signs that supply constraints in the concentrate market may trickle into the refined market.

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