EPIC RESEARCH MCX NICKEL UPDATE OF 11 OCTOBER 2017

Nickel trading range for the day is 699.9-729.3. Nickel prices recovered from lows tracking firmness in other base metals prices after prices dropped earlier following a steep drop in Shanghai steel prices. One NPI producer in Indonesia put online another two furnaces in late September due to rising price and positive demand in China. Refined nickel inventories in Shanghai fell 9.6 per cent in September on a monthly basis, according to data.

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