EPIC RESEARCH MCX NICKEL UPDATE OF 21 DECEMBER 2016

Posted by aditi on 10:32:00 with No comments
Nickel trading range for the day is 731.1-753.3. Nickel prices gained as support seen due to supply tightness and environmental crackdowns in the Philippines. Global nickel market ended in deficit of 77,100 tonnes in January-October 2016 with apparent demand exceeding production. World Nickel mine production was 1,696.4 kt in January-October 2016, lower by 83.4 kt when compared with the corresponding period during previous year.

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