EPIC RESEARCH MCX NICKEL UPDATE OF 11 SEPTEMBER 2017

Nickel trading range for the day is 700-799. Nickel prices ended with losses as SHFE rebar and hot-rolled coil slumped due to strong market panic.Nickel ore inventories at seven major Chinese ports were 6.90 million wet tonnes as of September 8, up 560,000 wet tonnes on a weekly basis. China produced 37,300 tonnes of nickel in August, up 5.85 per cent on a monthly basis, but the growth rate was slower.

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