Thursday, 13 March 2014

CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX NICKEL


Nickel trading range for the day is 945.1-983.9.

Nickel continued gains on concern that more sanctions will be imposed against Russia, disrupting supply already curbed by an

ore-export ban in Indonesia.

China’s fixed asset investment, industrial output, and retail sales all missed forecasts, a sign of the nation’s accelerating

economic slowdown.

ECB President Mario Draghi claimed the ECB is poised to introduce non-standard measures to tackle deflation.

Warehouse stock for Nickel at LME was at 270636mt that is up by 750mt.



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