EPIC RESEARCH MCX NICKEL UPDATE OF 20 DECEMBER 2016
Posted by aditi on 13:18:00 with No comments
Nickel trading range for the day is 705-775. Nickel on MCX settled down -2.9% at 736.30 tracking weakness from LME Nickel which ended the day with 2.6 percent lower at $10,880 a tonne. The latest Metals Balances Report released by the WBMS indicates that Nickel market has ended in a small deficit during Jan-Oct ’16. Global nickel market ended in deficit of 77,100 tonnes in January-October 2016 with apparent demand exceeding production.
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