EPIC RESEARCH MCX Nickel UPDATE OF 16 January 2019

Posted by Commodity Updates by Epic Research on 11:32:00 with No comments

Nickel trading range for the day is 802.5-840.1.

* Nickel gained as prices drew some support from U.S. President Donald Trump’s comments on reaching a trade deal with China.

* President Trump predicted Washington would reach a deal with China to end a tit-for-tat trade war, saying Beijing wants to negotiate and that talks are going well.

* China’s state planner said it will aim to achieve “a good start” in the first quarter for the economy in a signal of more growth-boosting steps.

* Warehouse stock for Nickel at LME was at 197952mt that is down by -1590mt

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