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Premier Insight : The nickel price closed trading at $12,490 per tonne
Thursday, June 27, 2019       09:55 WIB

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Nickel Sector: The nickel price closed trading at $12,490 per tonne, climbing from an intraday low of $12,235 per tonne while total volumes traded reached 10,000 lots for the first time since 20 June 2019. The uptick in price action was largely attributable to short-covering activity. (Metal Bulletin)
 Comment: We expect positive sentiment for nickel mining counters' stock performance in the short-term. We also note that nickel price improvement also supported by speculation of China's economic stimulus which would lift demand. However, real demand remains relatively soft at this stage. Thus, we maintain our Hold rating for with TP of Rp3,100. 

Sumber : IPS RESEARCH

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