EPIC RESEARCH MCX Nickel UPDATE OF 1 April 2019

Nickel trading range for the day is 887.4-923.2.

Nickel prices rallied on concerns about a supply surge in the second quarter and lifted by optimism about a U.S.-China trade deal.

Prices earlier in the week seen under pressure on reports of the start of nickel pig iron (NPI) capacity expansion in China.

Despite capacity additions, NPI supply remained tight and this kept materials in premiums against refined nickel last week.

Warehouse stock for Nickel at LME was at 182574mt that is down by -528mt.


Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > +917316642316

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+