Business Standard

Nickel strengthens by 0.41%

Strong demand from alloy makers boosted the price

Related News

prices rose by 0.41% to Rs 952 per kg in futures trade today as speculators enlarged their positions.

At the Multi Commodity Exchange, the January contract rose by Rs 4.90, or 0.41%, to Rs 948.10 per kg, with a business turnover of 620 lots.

The December contract traded higher by Rs 3.60, or 0.38%, to Rs 943.30 per kg, with a turnover of 877 lots.

Marketmen said firm trend in base metals at the London Metal Exchange after manufacturing in in December expanded at the fastest pace boosted demand outlook for metals.

Besides, strong demand from alloy-makers also influenced nickel prices, they added.

Read more on:   
|
|
|

Nickel strengthens by 0.41%

Strong demand from alloy makers boosted the price

Nickel prices rose by 0.41% to Rs 952 per kg in futures trade today as speculators enlarged their positions.

prices rose by 0.41% to Rs 952 per kg in futures trade today as speculators enlarged their positions.

At the Multi Commodity Exchange, the January contract rose by Rs 4.90, or 0.41%, to Rs 948.10 per kg, with a business turnover of 620 lots.

The December contract traded higher by Rs 3.60, or 0.38%, to Rs 943.30 per kg, with a turnover of 877 lots.

Marketmen said firm trend in base metals at the London Metal Exchange after manufacturing in in December expanded at the fastest pace boosted demand outlook for metals.

Besides, strong demand from alloy-makers also influenced nickel prices, they added.

image

Read More

Zinc marginally up by 0.13%

Zinc futures prices rose marginally by 0.13% to Rs 112.65 per kg in futures trade today as speculators enlarged positions.

Recommended for you

Advertisements

Quick Links

Market News

Basmati rice acreage to go up despite lower realisation last year

Farmers overlook deterrents due to higher returns from basmati crop

Modi's first year by numbers: What markets show

With opposition parties hindering Modi's economic push in recent months, investors are reassessing the outlook for Indian assets

Soybean sowing may remain muted this kharif season

Despite massive stock, bean prices at the benchmark Indore mandi are trading at Rs 3,978 a qtl as against Rs 3,403 a qtl in March

Unabated Chinese exports keeping world aluminium prices low

India is a net exporter of bendy metal aluminium, what with large new capacities getting commissioned in the face of nil-demand growth

Stock market investors seeking astro predictions grow by 17%

GaneshaSpeaks.com says quality astrology services are gaining popularity among traders and investors

 

Back to Top