EPIC RESEARCH MCX Nickel UPDATE OF 10 January 2019

Posted by Commodity Updates by Epic Research on 11:14:00 with No comments

Nickel trading range for the day is 781.8-801.6.

* Nickel prices gained on improved market sentiment after Trump expressed optimism in trade talks with China.

* China produced 15,800 mt of nickel in December, 4.45% higher than December 2017.

* Output in January-December came in at 150,200 mt, down 6.08% from a year earlier.

* Warehouse stock for Nickel at LME was at 204618mt that is down by -234mt.

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