EPIC RESEARCH MCX NICKEL UPDATE OF 19 June 2018

Nickel trading range for the day is 997.5-1049.5.

Nickel dropped on fears trade tensions between the world’s two largest economies could escalate and demand from China could cool after last week’s lacklustre data.

Nickel ore inventories across all Chinese ports increased 380,000 wmt from a week ago to 8.16 million wmt as of Friday June 15.

Nickel ore stocks across seven major Chinese ports grew 560,000 wmt from the previous week and registered 5.77 million wmt.

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