EPIC RESEARCH MCX Nickel UPDATE OF 26 September 2018

Posted by Commodity Updates by Epic Research on 11:52:00 with No comments


Nickel trading range for the day is 919.2-949.8.

* Nickel prices gained tracking LME nickel rose over 1% as the US dollar weakened.

* U.S. $200 billion worth tariffs of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of U.S. products took effect, though the duties not as high as earlier feared.

* New capacities in Indonesia to support China’s high-grade NPI supply in Q4

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