EPIC RESEARCH MCX Nickel UPDATE OF 28 September 2018

Posted by Commodity Updates by Epic Research on 12:15:00 with No comments


Nickel trading range for the day is 889.3-933.7.

* Nickel dropped as pressure seen amid inflows of Russian nickel grew supplies in the domestic market.

* The global nickel market deficit widened to 15,300 tonnes in July from a revised deficit of 13,600 tonnes in the previous month, INSG said.

* During the first seven months of the year, the deficit widened to 97,100 tonnes from 51,800 tonnes in the same period of 2017, the data showed.

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