 "Nickel sheds 0.38% on weak global trend")
Nickel futures today traded lower by 0.38 per cent to Rs 1,141.80 per kg largely in tune with a weakening trend overseas amid subdued spot demand.
At the Multi Commodity Exchange, nickel for delivery in July weakened by Rs 3.30, or 0.38 per cent, to Rs 1,141.80 per kg in business turnover of 367 lots.
August nickel traded lower by Rs 3.60, or 0.31 per cent, to Rs 1,145.90 per kg in 220 lots.
Market analysts said apart from weak demand from alloy-makers at domestic spot markets, a weak trend in the base metals pack at the London Metal Exchange mainly weighed on nickel prices at futures trade here.
At the Multi Commodity Exchange, nickel for delivery in July weakened by Rs 3.30, or 0.38 per cent, to Rs 1,141.80 per kg in business turnover of 367 lots.
August nickel traded lower by Rs 3.60, or 0.31 per cent, to Rs 1,145.90 per kg in 220 lots.
Market analysts said apart from weak demand from alloy-makers at domestic spot markets, a weak trend in the base metals pack at the London Metal Exchange mainly weighed on nickel prices at futures trade here.