EPIC RESEARCH MCX NICKEL UPDATE OF 31 MAY 2018

Nickel trading range for the day is 975.5-1038.9.

Nickel prices gained as support seen after LME nickel hit a high of $15,190/mt as the US dollar weakened.

Nickel ore output in the Philippines, fell 2 percent in the first quarter from a year ago as rains hampered mining operations.

Crude steel output at mills operated by companies of the CISA during May 11-20 rose some 3.1% from levels during May 1-10 to average 2 million mt/day


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