EPIC RESEARCH MCX Nickel UPDATE OF 16 April 2019

Nickel trading range for the day is 886.1-910.7.

Nickel prices traded in range as the US dollar weakened and upbeat Chinese economic data.

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

Inventories of refined nickel in the Shanghai bonded areas declined 3,000 mt, or 10.8%, from a week ago and stood at 24,900 mt

Warehouse stock for Nickel at LME was at 177708mt that is down by -1158mt.


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