EPIC RESEARCH MCX NICKEL UPDATE OF 12 July 2018
Posted by Commodity Updates by Epic Research on 13:33:00 with No comments
Nickel trading range for the day is 919.8-987.6.
* Nickel prices dropped as ongoing uncertainty around Sino-US trade relations hampers the prices.
* The Philippines' nickel ore exports could drop by up to 17 percent this year as weaker prices curb output in the world's second-biggest supplier.
* Philippine President Rodrigo Duterte warned he would soon halt mining in the Southeast Asian nation because of the environmental damage it has caused.
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