EPIC RESEARCH MCX Nickel UPDATE OF 14 August 2018

Nickel trading range for the day is 924.7-979.3.

* Nickel dropped as the dollar stood tall versus other currencies on concerns that a rout in the Turkish lira could infect European banks and emerging economies.

* Imported medium-grade nickel ore prices are likely to climb up in the third quarter as shipments from the Philippines and Indonesia may fail to meet demand.

* Meanwhile, Chinese buyers started to stockpile for the upcoming rainy season, from end-October to March, rainy season would hinder shipments.


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