EPIC RESEARCH MCX Nickel UPDATE OF 13 November 2018

Posted by Commodity Updates by Epic Research on 11:54:00 with No comments

Nickel trading range for the day is 811.9-841.3.

* Nickel prices dropped pressured by worries of slowing Chinese demand for steel.

* Increasing nickel pig iron production and rising Shanghai nickel inventory also pointed to further nickel weakness.

* China's consumer price index (CPI), rose 2.5% year on year in October, unchanged from September, data showed.

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