Thursday, 11 October 2018

Nickel Trading Range For The Day Is 928.6-968.2

Nickel trading range for the day is 928.6-968.2.

Nickel dropped on profit booking after prices seen supported after Environmental restrictions are likely to support nickel prices into the winter.

Also Winter cuts will impact NPI prices to a greater extent this year than the last and this is likely to keep nickel prices tighter over winter.

In Indonesia, NPI production will increase in the fourth quarter, driven by increasing operating rate from Delong and more capacity slated to be commissioned.

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