EPIC RESEARCH MCX Nickel UPDATE OF 13 November 2018
Posted by Commodity Updates by Epic Research on 11:54:00 with No comments
Nickel trading range for the day is 811.9-841.3.
* Nickel prices dropped pressured by worries of slowing Chinese demand for steel.
* Increasing nickel pig iron production and rising Shanghai nickel inventory also pointed to further nickel weakness.
* China's consumer price index (CPI), rose 2.5% year on year in October, unchanged from September, data showed.
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