EPIC RESEARCH MCX NICKEL UPDATE OF 16 MARCH 2017

Nickel trading range for the day is 660.8-684.2.Nickel prices dropped after traded in the range as trader having a muted response to the Fed’s decision to hike rates.Nickel ore exports from the Philippines to China are expected to fall to 36.40 million WMT in 2017 due to the declines both in reserves and grades.Major market traders predicted that nickel ore available for exports in Indonesia are about 8-10 million tonnes or 80,000-100,000 tonnes in nickel content.

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