Thursday 28 July 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 28 JULY 2016

11:49:00

Nickel trading range for the day is 681.6-707.2.
Nickel drop to hold below 700 level as sentiment soured in China and pressure seen Beijing officials warned about asset bubbles
China's manufacturing sector struggled for growth in July, adding to expectations that Beijing will step up measures to boost growth.
Nickel imports in China have surged by 189% to a record 226,100 mt in the first half of the year.

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