EPIC RESEARCH MCX NICKEL UPDATE OF 21 SEPTEMBER 2017

Nickel trading range for the day is 709.6-744.6.Nickel prices gained as support seen after the update that global nickel market deficit widens in July as per report from INSG.Data from the International Nickel Study Group showed the nickel market deficit at 400 tonnes in June compared with a 6,700 tonne shortfall in May.Nickel stocks in LME approved warehouses have held steady between 360,000 and 390,000 tonnes for much of this year.

For MCX TIPS ✆ – 0731-6642300




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