EPIC RESEARCH MCX NICKEL UPDATE OF 29 NOVEMBER 2017

Posted by aditi on 12:18:00 with No comments
Nickel trading range for the day is 715.9-743.7. Nickel prices hit their lowest in more than six weeks as the market fretted about weaker demand in top consumer China and rising supplies from Indonesia. Weakness in the stainless steel sector continues to override the exuberance over electric vehicles and demand for nickel-rich batteries.Nickel ore and concentrate imported by China in October reaches 3,500,335 tons on yearly basis, remaining same level as last year.









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