EPIC RESEARCH MCX Nickel UPDATE OF 23 January 2019

Posted by Commodity Updates by Epic Research on 11:49:00 with No comments

Nickel trading range for the day is 811.5-840.9.

Nickel prices dropped amid signs of pessimism about world growth.

Downward pressure on the economy will impact China's job market, the state planner warned after data showed gross domestic product grew at its slowest since 1990.

China's GDP growth cooled slightly in the fourth quarter from a year earlier, weighed down by weak investment and faltering consumer confidence.

Warehouse stock for Nickel at LME was at 202668mt that is up by 2202mt.

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