EPIC RESEARCH MCX Nickel UPDATE OF 08 October 2018

Posted by Commodity Updates by Epic Research on 12:27:00 with No comments


Nickel trading range for the day is 899.1-965.5.

* Nickel settled up LME prices closing 1 percent higher at $12,620 as dollar softened after data showed U.S. job growth slowed.

* Production at BHP Billiton's Kalgoorlie nickel smelter restarted after a fire last month.

* Global output of nickel is expected to increase to 2.39 million tonnes in 2019 compared with an estimated 2.20 million tonnes in 2018, the INSG said.

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