EPIC RESEARCH MCX Nickel UPDATE OF 8 January 2019

Nickel trading range for the day is 764.6-786.

Nickel prices gained as China's cuts reserve requirement ratio and renewed hopes for a USChina trade deal.

China's Caixin services PMI for December came in at 53.9, which showed that Chinese business activity growth improved.

The global nickel market deficit widened to 19,600 tonnes in October from the previous month's revised deficit of 9,000 tonnes.

Warehouse stock for Nickel at LME was at 204852mt that is down by -900mt.

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