EPIC RESEARCH MCX NICKEL UPDATE OF 21 OCTOBER 2016

Nickel trading range for the day is 665.6-692.8.
Nickel prices dropped after LME prices slid 1.9 percent to $10130 with the market experiencing reduced interest and constant pressure from a multi-month high dollar.
BHP Billiton Ltd., sees the nickel market swinging into deficit because of supply threats in the Philippines.
The Philippines accounts for about a quarter of global mined nickel supply, with most cargoes going to China.
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