Business Standard

Monday, December 23, 2024 | 07:13 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Nickel futures go up on spot demand, global cues

Image

Press Trust of India New Delhi

Nickel prices went up 0.50 per cent to Rs 876.20 per kg in futures trade Wednesday as traders created fresh positions, aided by pick up in demand from alloy-makers at the spot market coupled with firm global cues.

At the Multi Commodity Exchange, nickel for delivery in February contract was trading higher by Rs 4.40, or 0.50 per cent, at Rs 876.20 per kg with a business volume of 1,801 lots.

Analysts attributed the rise in nickel prices at futures trade to increased demand from alloy-makers in the physical market and a firm trend in global market.

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: Feb 13 2019 | 11:50 AM IST

Explore News