EPIC RESEARCH MCX NICKEL UPDATE OF 22 AUGUST 2017

Nickel trading range for the day is 698.9-739.1. Nickel prices gained fuelled by concerns of shortages of high-grade iron ore and before curbs on futures purchases come into force. The nickel price spiked after LME data showed net fresh cancelled warrants of more than 17,000 tonnes.Worries about nickel supplies from the Philippines, the world's top nickel ore exporter, have supported prices for much of this year.




For MCX TIPS ✆ – 0731-6642300




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