EPIC RESEARCH MCX NICKEL UPDATE OF 18 JANUARY 2017

Posted by aditi on 11:10:00 with No comments
Nickel trading range for the day is 675.5-708.5. Nickel dropped with pressure from Indonesia's move to ease a ban on nickel ore exports. Indonesia introduced new rules last week that will allow exports of nickel ore and bauxite and concentrates of other minerals under certain conditions. Indonesia's abrupt easing of a three-year ban on nickel ore exports will not flood the global market but instead is aimed at balancing the country's smelters.

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