EPIC RESEARCH MCX Nickel UPDATE OF 24 August 2018

Nickel trading range for the day is 911.6-946.2.

Nickel prices dropped as the US-China trade dispute worsened.

The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods.

China’s central bank said it will not resort to strong stimulus to support the slowing economy, but will keep liquidity reasonably ample.

Warehouse stock for Nickel at LME was at 243552mt that is down by -114mt.

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