EPIC RESEARCH MCX Nickel UPDATE OF 26 December 2018

Posted by Commodity Updates by Epic Research on 11:50:00 with No comments

Nickel trading range for the day is 747.6-771.

* Nickel dropped on worries about a global economic slowdown amid higher U.S. interest rates and the U.S.-China trade dispute.

* China is expected to see a well-supplied nickel ore market in 2019 as Indonesian authorities allocated more export quota.

* Nickel ore inventories across all Chinese ports shrank by 60,000 wmt from a week ago to stand at 13.7 million wmt.

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