EPIC RESEARCH MCX Nickel UPDATE OF 19 November 2018

Posted by Commodity Updates by Epic Research on 12:22:00 with No comments

Nickel trading range for the day is 802.6-830.2.

* Nickel prices gained on signs of some easing in the trade war between the United States and China.

* Nickel inventories in the Shanghai bonded areas shrank 1,000 mt, or 3.3% from a week earlier to stand at 29,500 mt as of Friday November 16, data showed.

* Some 600 mt in metal content of high-grade NPI output will be affected in November as the second round of national environmental review extended.

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