EPIC RESEARCH MCX Nickel UPDATE OF 31 January 2019

Posted by Commodity Updates by Epic Research on 11:55:00 with No comments

Nickel trading range for the day is 858.6-891.2.

* Nickel prices rose as investors worried that Brazilian miner Vale, could curtail supply in an already tight market.

* China's output of nickel pig iron, is expected to rise by about 5 percent this year to 500,000 tonnes due to capacity launches.

* December nickel pig iron production stood at 42,500 tonnes, up 11.5 percent year-on-year and up 0.28 percent from November.

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