EPIC RESEARCH MCX NICKEL UPDATE OF 26 OCTOBER 2017

Nickel trading range for the day is 753.1-785.9. Nickel dropped as pressure seen after the Philippines' environment minister said he was hopeful that a ban on open-pit mining would be lifted before the end of the year. Indonesia’s PT Aneka Tambang Tbk received a recommendation from the mining ministry for an additional 1.25mtns of nickel ore exports. Electrolytic nickel inventories in South China is 798 tonnes, rising 33% by 200 tonnes compared with last week.




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