EPIC RESEARCH MCX Nickel UPDATE OF 15 April 2019

Nickel trading range for the day is 884.8-910.

Nickel settled up amid expectations of deficit of 58,000 tonnes in the nickel market this year, compared to a shortage of 243,000 tonnes in 2018.

Global nickel demand is estimated at 2.4 million tonnes this year, the International Nickel Study Group said.

US and China have largely agreed on a mechanism to police any trade agreement they reach, including establishing new "enforcement offices".

Warehouse stock for Nickel at LME was at 178866mt that is down by -456mt.

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