EPIC RESEARCH MCX NICKEL UPDATE OF 04 DECEMBER 2017

Nickel trading range for the day is 695.1-755.3.Nickel prices gained as LME nickel gained 1.6 percent supported by Shanghai steel futures, which traded near their highest level since mid-September.Nickel demand from battery makers is expected to rise only gradually in the coming years. Last year it accounted for 40,000 tonnes in a market estimated at 2 million tonnes.




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