EPIC RESEARCH MCX Nickel UPDATE OF 24 January 2019

Posted by Commodity Updates by Epic Research on 11:36:00 with No comments

Nickel trading range for the day is 818.8-838.

Nickel prices gained as US-China trade optimism buoyed market sentiment

Investors are hoping for a breakthrough in U.S.-Sino trade talks, with the tariff dispute between US and China economies already rippling through financial markets and global demand.

Growth in China last year was the slowest since 1990 and is set to weaken further this year before stimulus measures start to kick in.

Warehouse stock for Nickel at LME was at 202302mt that is down by -366mt.

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