Monday 17 March 2014

CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014: MCX NICKEL

Nickel trading range for the day is 962.1-982.3.

Nickel rose on fears about the potential for sanctions on Russia and jitters about limited supply from Indonesia due to an export ban there

In the US, February industrial output rose 0.6% on the month, exceeding the 0.2% growth expected

In China, another default was reported with Zhejiang Xingrun Real Estate failing to repay its debt.


Warehouse stock for Nickel at LME was at 270810mt that is down by -204mt.




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