EPIC RESEARCH MCX NICKEL UPDATE OF 17 July 2018

Nickel trading range for the day is 915.4-958.2.

* Nickel dropped on lower demand expectations after China's top steelmaking city, Tangshan, ordered steel mills to shut sintering plants for five days.

* China's economic growth slowed in the second quarter as the government's efforts to tackle debt risks crimp activity and an intensifying trade war.

* China’s June crude steel output on a daily basis reached its highest since at least May 2014, according to National Bureau of Statistics data.

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