Nickel trading range for the day is 928.6-976.8.
Nickel gained extending its recent rally fuelled by concern about an Indonesian ban on unprocessed ore.
China’s large scale industrial added value and fixed asset investment should also be eyed given their significant impact on base metals price movement.
Technically market is under fresh buying as market has witnessed gain in open interest by 10.05% to settled at 8242
Warehouse stock for Nickel at LME was at 269886mt that is down by -828mt.
For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/
Nickel gained extending its recent rally fuelled by concern about an Indonesian ban on unprocessed ore.
China’s large scale industrial added value and fixed asset investment should also be eyed given their significant impact on base metals price movement.
Technically market is under fresh buying as market has witnessed gain in open interest by 10.05% to settled at 8242
Warehouse stock for Nickel at LME was at 269886mt that is down by -828mt.
For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/
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