Business Standard

Nickel down 0.6% on weak global cues

Sluggish demand influences prices

Press Trust of India  |  New Delhi 

futures prices fell by 0.61% to Rs 963.80 per kg today, tracking a weakening trend in base metals in the global

At the Multi Commodity Exchange, for delivery in December traded Rs 5.90, or 0.61%, to Rs 963.80 per kg in a turnover of 5,116 lots.

January declined by Rs 5.40, or 0.55%, to Rs 969.70 per kg, with a business turnover of 464 lots.

Market participants said apart from sluggish demand from alloy-makers, weakness in base metals at the London Metal Exchange (LME) amid concerns that budget negotiations deteriorated in the US put pressure on futures here.

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Nickel down 0.6% on weak global cues

Sluggish demand influences prices

Nickel futures prices fell by 0.61% to Rs 963.80 per kg today, tracking a weakening trend in base metals in the global markets.

futures prices fell by 0.61% to Rs 963.80 per kg today, tracking a weakening trend in base metals in the global

At the Multi Commodity Exchange, for delivery in December traded Rs 5.90, or 0.61%, to Rs 963.80 per kg in a turnover of 5,116 lots.

January declined by Rs 5.40, or 0.55%, to Rs 969.70 per kg, with a business turnover of 464 lots.

Market participants said apart from sluggish demand from alloy-makers, weakness in base metals at the London Metal Exchange (LME) amid concerns that budget negotiations deteriorated in the US put pressure on futures here.

image
Business Standard
177 22

Nickel down 0.6% on weak global cues

Sluggish demand influences prices

futures prices fell by 0.61% to Rs 963.80 per kg today, tracking a weakening trend in base metals in the global

At the Multi Commodity Exchange, for delivery in December traded Rs 5.90, or 0.61%, to Rs 963.80 per kg in a turnover of 5,116 lots.

January declined by Rs 5.40, or 0.55%, to Rs 969.70 per kg, with a business turnover of 464 lots.

Market participants said apart from sluggish demand from alloy-makers, weakness in base metals at the London Metal Exchange (LME) amid concerns that budget negotiations deteriorated in the US put pressure on futures here.

image
Business Standard
177 22