EPIC RESEARCH MCX NICKEL UPDATE OF 10 April 2017

Nickel trading range for the day is 634.3-670.3. Nickel recovered on short covering as nickel ore supply remains tight, which is leading to a significant output cut at nickel smelters .According to China Customs, China imported a total of 300,000 tonnes of nickel ore from Indonesia during the first two months of 2017. Indonesian nickel ore are estimated to keep flowing into China and the monthly supplying volumes from the country to China will reach around 100,000 tonnes.




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