EPIC RESEARCH MCX Nickel UPDATE OF 23 October 2018

Nickel trading range for the day is 905.4-933.6.

Nickel prices seen supported after regulators in China pledged support for firms with liquidity issues brought on by months of slowing growth.

The global nickel market deficit narrowed to 7,100 tonnes in August from the previous month's revised deficit of 16,500 tonnes, the INSG said.

LME nickel stocks have slumped by 43 percent since this time last year to around 220,000 tonnes. Warehouse stock for Nickel at LME was at 219636mt that is down by -342mt.


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