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Nickel futures fall 1.60 pc on muted spot demand

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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Nickel futures fall 1.60 pc on muted spot demand

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. 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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Nickel futures fall 1.60 pc on muted spot demand

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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22