EPIC RESEARCH MCX Nickel UPDATE OF 3 April 2019

Nickel trading range for the day is 886.2-926.4.

Nickel prices remained supported bolstered by US-China trade progress and stronger-than-expected China factory activity.

Macquarie expects a deficit of 58,000 tonnes in the nickel market this year, compared to a shortage of 243,000 tonnes in 2018.

Global nickel demand is estimated at 2.4 million tonnes this year, the International Nickel Study Group said.

Warehouse stock for Nickel at LME was at 182094mt that is down by -372mt.


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