EPIC RESEARCH MCX NICKEL UPDATE OF 15 June 2018

Nickel trading range for the day is 1005.8-1060.8.

Nickel prices dropped tracking weakness in LME prices as slower Chinese growth suggested lower demand.

Recent environmental inspections in some 10 regions have forced some mills to cut production.

China’s steel output surged to a record in May as mills ramped up production to chase fat profit margins.

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