EPIC RESEARCH MCX NICKEL UPDATE OF 9 JANUARY 2017

Nickel trading range for the day is 687.6-709.2. Nickel steadied as investors squared positions after a strong U.S. payrolls report, even as they kept an eye on a stronger dollar. The impending moderation of Indonesia's mineral ore export ban and consequent resumption of nickel exports will increase global nickel supply. BMI maintained its 2017 nickel price forecast of $10 500/t on average.



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