EPIC RESEARCH MCX NICKEL UPDATE OF 17 FEBRUARY 2017

Posted by aditi on 10:45:00 with No comments
Nickel trading range for the day is 719.1-750.7. Nickel rose to two-month highs on mounting concerns about supplies after the suspension of mines in top ore producer the Philippines. Nickel on the London Metal Exchange ended up 1.4 percent at $11,070 a tonne, its highest since Dec. 12. Stocks of nickel in LME warehouses stand at 380,000 tonnes, while those in warehouses monitored by the Shanghai total 89,000 tonnes.

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