EPIC RESEARCH MCX Nickel UPDATE OF 20 March 2019

Nickel trading range for the day is 877.9-927.1.

Nickel prices rallied on short covering as the US dollar continued to weaken and oil prices climbed.

Prices also gained on hopes for further stimulus in top metals consumer China.

Nickel Asia Corp, the Philippines' top nickel ore producer, expects its 2019 shipments to be unchanged from last year, although it plans to increase its domestic sales.

Warehouse stock for Nickel at LME was at 190434mt that is down by -414mt.

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