Tuesday 11 March 2014

CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX NICKEL

Nickel trading range for the day is 931.1-969.5.


Nickel ended with small gains as the market lacked solid news overnight, but strong long momentum.

Data released showed that Chinese exports fell 18.1% on-year in February, defying expectations for a 6.8% increase

When combined with China's sluggish February import and exports data, concerns over China's demand increased.

Warehouse stock for Nickel at LME was at 270714mt that is down by -486mt.

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