EPIC RESEARCH MCX NICKEL UPDATE OF 06 June 2018

Nickel trading range for the day is 1019.4-1079.

Nickel prices gained due to production restrictions, falling inventories and higher Chinese steel prices.

China’s services sector expanded at a steady, solid pace in May, with companies accelerating hiring on the back of the strongest optimism for future growth in 11 months.

Due to the drop of working days, April's nickel production registered a month-on-month dip of 2.7% to 11,900 mt.

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