EPIC RESEARCH MCX Nickel UPDATE OF 7 August 2018

Posted by Commodity Updates by Epic Research on 11:20:00 with No comments
Nickel trading range for the day is 902.8-963.

* Nickel gained tracking rise in LME prices as shrinking LME and SHFE inventory gave some support to nickel prices.

* Nickel ore inventory across Chinese ports increased by 490,000 wmt from a week ago to 10.79 million wmt.

* Nickel stocks in Shanghai bonded warehouses grew 6% from a week ago to 61,000 mt.

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