EPIC RESEARCH MCX Nickel UPDATE OF 31 December 2018

Posted by Commodity Updates by Epic Research on 11:33:00 with No comments

Nickel trading range for the day is 731.7-754.5.

* Nickel dropped as downbeat economic data and trade tensions with the US weigh on investor sentiment.

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

* Nickel inventories in the Shanghai bonded areas changed little from a week ago and stood at 28,000 mt.

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