Business Standard

Nickel marginally down on subdued spot demand

Prices went down as speculators trimmed their exposures

Press Trust of India New Delhi
Nickel futures for February weakened by Rs 2.20 paise, or 0.24%, to Rs 896.90 per kg in 4,329 lots.

At the Multi Commodity Exchange (MCX), the March contract traded lower by Rs 1.80, or 0.20%, to Rs 904.50 per kg in 1,499 lots.

Prices went down as speculators trimmed their exposures amid a weak spot market demands.

Subdued demand from alloy-makers in the spot market mainly weighed on nickel futures trade.

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First Published: Feb 26 2013 | 2:03 PM IST

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