EPIC RESEARCH MCX NICKEL UPDATE OF 13 DECEMBER 2017

Nickel trading range for the day is 700.5-731.9. Nickel prices dropped tracking weakness in LME dropped down 1.6 percent at $11,065 pressure seen amid rise in dollar. China's top steel making province of Hebei issued a so-called orange pollution alert for 10 industrial cities including Shijiazhuang, Baoding, Tangshan and Handan. Hebei, ordered to cut concentrations of hazardous airborne particles known as PM2.5 by 25 percent by the end of this year, as well as cut steel capacity by 60 million tonnes.







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