EPIC RESEARCH MCX NICKEL UPDATE OF 29 SEPTEMBER 2016

Nickel trading range for the day is 693.8-717.2. Nickel gained after the Philippines said 20 more mines may be suspended for environmental violations, threatening supply. Suspending another 20 would leave only 11 operating mines in the Southeast Asian country, accounting for nearly a quarter of world's supply. Goldman Sachs estimate about 223,000 tonnes of nickel output or 11 percent of global supply could be suspended.
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