EPIC RESEARCH MCX NICKEL UPDATE OF 28 MAY 2018

Nickel trading range for the day is 973.6-1032.

Nickel prices dropped on profit booking after prices gained as investors bet that demand would increase in line with China's electric vehicle (EV) boom.

Nickel ore output in the Philippines, the No. 2 biggest supplier to China, fell 2 percent in the first quarter from a year ago.

Nickel ore directly shipped to buyers totalled 1.69 million dry metric tonnes in January-March, down from 1.72 million dmt in the same quarter last year.

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