EPIC RESEARCH MCX Nickel UPDATE OF 12 February 2019

Posted by Commodity Updates by Epic Research on 11:37:00 with No comments

Nickel trading range for the day is 869.6-909.2.

Nickel dropped on profit booking after prices gained on concerns that supply from Brazil, may decline after a fatal dam accident at a Vale mine.

Germany's trade surplus widened in December, official data showed February 8, as an increase in exports exceeded the growth in imports.

Investors will get an update on U.S. inflation figures after the Federal Reserve said it will be patient as it considers whether to continue hiking interest rates.

Warehouse stock for Nickel at LME was at 200448mt that is down by -42mt.

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