EPIC RESEARCH MCX Nickel UPDATE OF 11 April 2019

Posted by Commodity Updates by Epic Research on 11:15:00 with No comments

Nickel trading range for the day is 904.9-923.9.

Nickel dropped as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated.

China’s exports are expected to have rebounded in March after a sharp drop in February, while imports likely shrank for a fourth straight month but at a more modest pace.

China’s Commerce Ministry said recently that both exports and imports had rebounded in the first half of March.

Warehouse stock for Nickel at LME was at 179442mt that is unchange mt.


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