EPIC RESEARCH MCX NICKEL UPDATE OF 29 AUGUST 2018

Nickel trading range for the day is 923.4-967.4.

Nickel prices gained as the US dollar hovered at lows and as fundamentals provided support.

China’s investment growth, already at record lows, may weaken even further in the future and authorities should step up fiscal and financial measures to give it a boost.

Beijing is urging more infrastructure spending as the economy faces both domestic and external risks, such as U.S. tariffs.

Warehouse stock for Nickel at LME was at 241488mt that is down by -1116mt.

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