EPIC RESEARCH MCX NICKEL UPDATE OF 13 JULY 2017

Nickel trading range for the day is 587.3-601.1. Nickel settled flat as pressure seen after rise in LME stocks despite of uplift in steel amid higher profits at China's steel makers. Earlier prices also seen supported boosted by Chinese banks extending more credit than expected in June. Nickel daily stocks at Shanghai exchange came down by 628 tonnes.




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