EPIC RESEARCH MCX Nickel UPDATE OF 18 February 2019
Posted by Commodity Updates by Epic Research on 11:45:00 with No comments
Nickel trading range for the day is 848.1-901.3.
Nickel prices gained as support seen as US and Chinese negotiators will continue their trade talks in Beijing.
However, slowing global growth, the U.S.-China trade dispute and a strong dollar took their toll.
Talks between China and the United States to resolve their bruising trade war will resume in Washington, with both sides saying negotiations in Beijing made progress.
Warehouse stock for Nickel at LME was at 200562mt that is up by 480mt.
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