EPIC RESEARCH MCX NICKEL UPDATE OF 23 SEPTEMBER 2016

Nickel trading range for the day is 685.2-716.6. Nickel gains due to worries about supplies from Philippines, where the government is carrying out an environmental audit of mines. Goldman Sachs has warned that further Philippine suspensions may push ore stockpiles to critically low levels. Global nickel demand exceeded supply in the first half, with a deficit of 80,800 tons compared with a surplus of 45,200 tons in all of 2015.              
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