MCX Nickel Tips – Free Nickel Metal Market Trading Tips & Target ₹1610

Nickel at 5-Week Low [05 September 2024]

The premium of LME nickel cash over the three-month contract fell further to a three-week low of $15 a tonne, indicating a supply crunch has eased. Manufacturing activities across nickel downstream sectors barely improved from a month ago in August, remaining in contraction for the fifth consecutive month, showed an SMM survey on Wednesday September 4.

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MCX Zinc Base Metal Commodity Trading Tips CMP- 182 Dt 26 Aug 2019

MCX Zinc

Markit also reported that Germany’s factory sector remained in contraction, raising concerns over the global economy. The German IHS Markit PMI for manufacturing rose marginally to 43.6 in August, from 43.2 in July. Meanwhile, services PMI hit a seven-month low level of 54.4 as against the previous month?s reading of 54.5 and 54 anticipated.

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