EPIC RESEARCH MCX NICKEL UPDATE OF 14 June 2018
Posted by Commodity Updates by Epic Research on 13:14:00 with No comments
Nickel trading range for the day is 1011.9-1079.1.
Nickel gained as support came after China said it would ban new capacity for steel, coke and primary aluminium production in some key areas
The import window for nickel is not open yet and inventory at bonded warehouses is not going to enter the domestic market.
Nickel invisible inventory was around 57,142 tons as of now, according to data, down 34.12% year-on-year
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Nickel gained as support came after China said it would ban new capacity for steel, coke and primary aluminium production in some key areas
The import window for nickel is not open yet and inventory at bonded warehouses is not going to enter the domestic market.
Nickel invisible inventory was around 57,142 tons as of now, according to data, down 34.12% year-on-year
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For quick free trial click here > 911 133 9000
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