Thursday 24 April 2014

CAPITAL STROKE COMMODITY UPDATE 25 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 1086-1149.6.
Nickel gained on persistent worries of shortages while some other metals dipped after data showed factory activity shrinking in top consumer China.
The Indonesian ban took effect in January when China's nickel ore imports from Indonesia stood at more than 6 million tonnes.



China's factory activity shrank for the fourth straight month in April, signalling economic weakness into the second quarter.


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