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Tuesday 24 January 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 24 JANUARY 2017

Nickel trading range for the day is 653.4-680.6. Nickel gained on weaker dollar while still concerns prevails that as Indonesia relaxed its export ban would be flooded with supplies Indonesian mines may export up to 5.2 million tons of nickel ore a year under the new rules, about 10% of what the country was exporting before the ban. According to WBMS, in the First 11 months of last year there was a nickel deficit of 84,600 mt in the global market.




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