EPIC RESEARCH MCX Nickel UPDATE OF 30 October 2018

Posted by Commodity Updates by Epic Research on 11:47:00 with No comments

Nickel trading range for the day is 847.8-872.6.

* Nickel prices remained under pressure on tempered enthusiasm from investors for the battery raw material.

* China’s high-grade nickel pig iron (NPI) market is expected to see a supply surplus in the first quarter of 2019 amid output addition in China and Indonesia.

* The U.S. economy slowed less than expected in the third quarter was partially offset by the strongest consumer spending in nearly four years.

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