EPIC RESEARCH MCX Nickel UPDATE OF 28 December 2018

Posted by Commodity Updates by Epic Research on 12:38:00 with No comments

Nickel trading range for the day is 740.2-755.2.

* Nickel dropped amid a drop in China’s November industrial profits weighed on prices.

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

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

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