EPIC RESEARCH MCX Nickel UPDATE OF 8 February 2019

Posted by Commodity Updates by Epic Research on 12:45:00 with No comments

Nickel trading range for the day is 910.6-934.8.

* Nickel dropped amid steady drum beat of weak economic data in recent weeks, has stoked fears of a global recession.

* Total inventories of nickel in warehouses registered with the LME stood at 200,754 tonnes, down about 45 percent since the beginning of 2018.

* Senior U.S. and Chinese officials are poised to start another round of trade talks in Beijing next week to push for a deal to avert a March 2 increase in U.S. tariffs on Chinese goods.

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