EPIC RESEARCH MCX Nickel UPDATE OF 2 January 2019

Nickel trading range for the day is 730-751.4.

* Nickel prices remained under pressure on worries over slowing economic growth in China.

* China imported 28,400 mt of nickel unwrought, not alloyed in November, up 21.8% month on month and 9.4% year on year.

* November’s nickel imports came in higher than October’s as growing stainless steel output, low domestic stocks and no signs of supply growth in 2018.

* Warehouse stock for Nickel at LME was at 207330mt that is down by -594mt.


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