EPIC RESEARCH MCX NICKEL UPDATE OF 27 SEPTEMBER 2017

Nickel trading range for the day is 667.8-698.8.Nickel prices dropped on weak demand as prices seen under pressure after the SHFE raised trading fees to curb speculative investment.Closures of polluting smelters have limited the downside, with cities in Anhui province the latest to issue plans to curb production in the steelmaking.The ADB raised its outlook for China's economic growth this year on the back of strong domestic consumption, an export recovery and solid growth in services.

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