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EPIC RESEARCH MCX NICKEL UPDATE OF 08 FEBRUARY 2018

Nickel trading range for the day is 827.4-882.8.Nickel prices dropped tracking weakness in other base metals after price seen supported as nickel stocks on the LME have fallen for 12 consecutive days. China’s nickel pig iron (NPI) production to hit 500,000 mt in nickel content this year, representing a 18% year-on-year growth. LME nickel inventory fell for the 10th consecutive trading day to 347,148 mt as of February 7, marking the lowest level since late September 2014.

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EPIC RESEARCH MCX NICKEL UPDATE OF 08 FEBRUARY 2018

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