EPIC RESEARCH MCX Nickel UPDATE OF 30 AUGUST 2018

Posted by Commodity Updates by Epic Research on 12:50:00 with No comments

Nickel trading range for the day is 934.2-961.2.

* Nickel ended with losses on concerns about an ongoing wobble in China's economy.

* A cargo of high-grade NPI was heard traded at 1,100 yuan/mtu this week, 16 yuan/mtu higher than offers for refined nickel.

* Indonesia will extend the special mining permit for PT Freeport Indonesia for another month to September.

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