EPIC RESEARCH MCX Nickel UPDATE OF 4 April 2019

Nickel trading range for the day is 903.9-929.3.

* Nickel prices ended higher as support continues after positive factory data from top steel producer China raised hopes for higher demand, while inventories fell.

* Nickel miner PT Vale Indonesia is targeting to produce around 74,000 tonnes of nickel in matte in 2019, slightly lower than last year's production.

* Factory activity in China unexpectedly grew for the first time in four months in March, an official survey showed.


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