EPIC RESEARCH MCX Nickel UPDATE OF 15 November 2018

Posted by Commodity Updates by Epic Research on 12:16:00 with No comments

Nickel trading range for the day is 805.8-823.

* Nickel ended with losses on worries about stainless steel and pressured by uncertainty about the global economy.

* Increasing nickel pig iron production and rising Shanghai nickel inventory also pointed to further nickel weakness in the short term.

* The slower spending growth comes at a time of increasing uncertainty amid an ongoing trade war between China and the United States.

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