Business Standard

Nickel futures fall 1.60 pc on muted spot demand

Image

Press Trust of India New Delhi
Nickel prices fell by 1.60 per cent to Rs 690.20 per kg in futures trade today as traders reduced their exposure, driven by easing demand from consuming industries at spot market.

At the Multi Commodity Exchange, nickel for delivery in November declined by Rs 11.20, or 1.60 per cent to Rs 690.20 per kg in a business turnover of 618 lots.

Similarly, the metal for delivery in October traded lower by Rs 10.70, or 1.54 per cent to Rs 684.70 per kg in 11,998 lots.

Market analysts attributed the fall in nickel prices at futures trade today to subdued demand from alloy-makers at the domestic spot markets.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 19 2016 | 4:28 PM IST

Explore News