EPIC RESEARCH MCX Nickel UPDATE OF 14 March 2019

Posted by Commodity Updates by Epic Research on 11:08:00 with No comments


Nickel trading range for the day is 888.1-931.1.

Nickel gained as the US dollar dipped after new inflation data increased expectations that US interest rates will not be raised anytime soon.

LME nickel stocks have declined for 10 days in a row to under 200,000 tonnes, while global exchange inventories of the metal were 47 percent lower year-on-year.

The United States and China may be in the final weeks of discussions to hammer out a deal to ease their tit-for-tat tariffs dispute, USTR Robert Lighthizer.

Warehouse stock for Nickel at LME was at 193116mt that is down by -138mt.

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