EPIC RESEARCH MCX NICKEL UPDATE OF 09 July 2018
Posted by Commodity Updates by Epic Research on 14:36:00 with No comments
Nickel trading range for the day is 941-985.
Nickel prices dropped weighed down by intensifying trade tensions between the U.S. and China.
U.S. tariffs on $34 billion worth of Chinese products – and retaliatory Chinese tariffs on U.S. goods of the same value – are expected to kick in.
With fewer working days in June than May, nickel production in China dipped 2.5% month-on-month in June to 11,900 mt.
U.S. tariffs on $34 billion worth of Chinese products – and retaliatory Chinese tariffs on U.S. goods of the same value – are expected to kick in.
With fewer working days in June than May, nickel production in China dipped 2.5% month-on-month in June to 11,900 mt.
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