EPIC RESEARCH MCX Nickel UPDATE OF 14 November 2018

Posted by Commodity Updates by Epic Research on 12:35:00 with No comments

Nickel trading range for the day is 798.7-848.5.

* 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 in the short term.

* In October, China's nickel output surged 21.03% from September as two producers recovered from maintenance.

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