 "Nickel sheds 0.25% on subdued demand")
Nickel prices eased by 0.25 per cent to Rs 1,121.20 per kg in futures trade today amidst a weakening trend at the spot market due to subdued demand from alloy-makers even as metal strengthened at the London Metal Exchange (LME).
At the Multi Commodity Exchange, nickel for delivery in July fell by Rs 2.80, or 0.25 per cent, to Rs 1,121.20 per kg in a business turnover of 440 lots.
The metal for delivery in August also shed Rs 2.50, or 0.20 per cent, to Rs 1,125.10 per kg in a turnover of 108 lots.
Market analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend at the domestic spot markets owing to subdued demand from alloy-makers but metal's gain at the LME, restricted the losses.
At the Multi Commodity Exchange, nickel for delivery in July fell by Rs 2.80, or 0.25 per cent, to Rs 1,121.20 per kg in a business turnover of 440 lots.
The metal for delivery in August also shed Rs 2.50, or 0.20 per cent, to Rs 1,125.10 per kg in a turnover of 108 lots.
Market analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend at the domestic spot markets owing to subdued demand from alloy-makers but metal's gain at the LME, restricted the losses.