EPIC RESEARCH MCX Nickel UPDATE OF 22 November 2018

Posted by Commodity Updates by Epic Research on 12:21:00 with No comments

Nickel trading range for the day is 770-797.4.

Nickel prices dropped on worries over slowing global economic growth amid an escalating trade war between Washington and Beijing.

Russia's Norilsk Nickel sees 2019 nickel market deficit at 60 T.

Increasing nickel pig iron production and rising Shanghai nickel inventory kept prices under pressure in recent time.

Warehouse stock for Nickel at LME was at 215322mt that is down by -240mt.

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