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Nickel futures traded lower by 0.42% to Rs 918.70 per kg today on weakening trend overseas amid subdued spot demand.
At the Multi Commodity Exchange, nickel for delivery in April weakened by Rs 3.90, or 0.42%, to Rs 918.70 per kg in business turnover of 10 lots.
In a similar fashion, the metal for delivery in March traded lower by Rs 3.60, or 0.39%, to Rs 912.60 per kg in 428 lots.
Analysts said apart from weak demand from alloy-makers at domestic spot markets, a weak trend overseas on escalating tensions in Ukraine and slowing growth in China, the world's biggest user, mainly weighed on nickel prices at futures trade here.
