Page 3 - Nickel

Commodity outlook by Tradebulls Securities: Sell copper, nickel

Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.

Global nickel market sees 66,000 tonne deficit in 2017

Global output of nickel is expected to rise to 2.05 million tonnes in 2017, up from 1.93 million in 2016

Nickel up 0.8% on spot demand

Market analysts attributed the rise in nickel prices at futures trade to enlarging of positions by speculators

Nickel falls by 0.9% on muted spot demand

Traders reduced positions, tracking a weak trend at spot market

Nickel up by 0.5% on spot demand

A firm global trend in the domestic markets also helped prices