EPIC RESEARCH MCX NICKEL UPDATE OF 14 MAY 2018

Nickel trading range for the day is 918.6-964.4.

Nickel prices gained tracking LME prices rose 1.3 percent to $14,055 as demand has finally started to outstrip supply for nickel.

Global demand for nickel is expected to increase to 2.34 million tonnes in 2018 versus 2.19 million in 2017, the International Nickel Study Group (INSG) said.

Due to the drop of working days, April's nickel production registered a month-on-month dip of 2.7% to 11,900 mt.

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