EPIC RESEARCH MCX Nickel UPDATE OF 18 January 2019
Posted by Commodity Updates by Epic Research on 11:01:00 with No comments
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEig9PaM0F_mQbnFAsaZlZaUr2d-8Wmi2Qba9n-xGSM4uBeCSe8UzvWXHanz9af7xC-rN4SJMtgSmMaWkfQ02uT8jQW2hGPPgB7kZ1Cn3qMJuGxkcLkflx_lxyC8DCOnbBtH9XHSlEU5AzI/s320/electroless-nickel-plated-aluminum.jpg)
Nickel trading range for the day is 806.4-835.4.
* Nickel dropped on profit booking after prices gained amid falling stockpiles and a tightening of time spreads suggested an undersupplied market.
* Stockpiles in exchange warehouses are near multi-year lows and the price of cash nickel surged, suggesting a shortage of nearby material.
* The nickel market will likely be fairly balanced in 2019 after a small deficit of 40,000 tonnes in 2018.
Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > +917316642316
Connect with our social media sites
YouTube | Google+ |
0 comments:
Post a Comment
Note: only a member of this blog may post a comment.