EPIC RESEARCH MCX NICKEL UPDATE OF 23 FEBRUARY 2017

Nickel trading range for the day is 708.8-729.4. Nickel dropped carrying its previous losses after prices seen supported amid a mining crackdown in the Philippines. INSG showed that global Nickel market moved to a surplus of 9,700 tons in December from November's deficit of 1,700 tons. For all of 2016, the market was at a deficit of 49,700 tonnes versus a surplus of 91,400 tonnes in 2015.



For MCX TIPS ✆ – 0731-6642300

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