EPIC RESEARCH MCX Nickel UPDATE OF 20 November 2018

Posted by Commodity Updates by Epic Research on 12:01:00 with No comments

Nickel trading range for the day is 773.8-820.8.

* Nickel dropped pressured by expectations that steel output in the world's top producer will remain strong as cities impose more flexible production curbs this winter.

* Nickel output in the Philippines, is expected to increase after the country's environment ministry said nine suspended mines will be allowed to resume.

* Federal Reserve officials expressed caution over the global growth outlook, prompting traders to reassess the pace of future U.S. interest rate increases.

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