EPIC RESEARCH MCX Nickel UPDATE OF 17 August 2018

Nickel trading range for the day is 900.8-960.8.

* Nickel dropped as investors remain concerned over a slowdown in the economy of top metals consumer China.

* Fixed-asset investment expanded by a below consensus 5.5 percent in January-July, a result of Beijing’s crackdown on lavish local government borrowing.

* Industrial output, which has a strong correlation with industrial metals demand growth, rising 6 percent year-on-year in July was also below forecast.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+