EPIC RESEARCH MCX Nickel UPDATE OF 16 November 2018

Posted by Commodity Updates by Epic Research on 11:58:00 with No comments

Nickel trading range for the day is 795.4-835.8.

* Nickel dropped on late profit booking after prices seen supported with investors looking to potential stimulus spending in China.

* In October, China’s value adds by industrial enterprises above a designated size gained 5.9% year on year, compared to September’s gain of 5.8%.

* Some 600 mt in metal content of high-grade NPI output will be affected in November as the second round of national environmental review.

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