 "Nickel down 0.4% on global cues; subdued demand")
Tracking a weak trend in the entire base metals overseas and sluggish spot demand, nickel remained under pressure at futures trade here and prices fell further by 0.41%.
At the Multi Commodity Exchange, nickel for delivery in October eased by Rs 3.60, or 0.41% to Rs 865.30 per kg in a turnover of 48 lots.
Similarly, nickel for delivery in November traded lower by Rs 3.10, or 0.35% to Rs 875 per kg in 1 lot.
Analysts attributed the fall in nickel prices at futures trade to subdued domestic demand, particularly from alloy-makers, and a weak trend in copper and other base metals at the London Metal Exchange on slowing demand in China before next week's holidays.
At the Multi Commodity Exchange, nickel for delivery in October eased by Rs 3.60, or 0.41% to Rs 865.30 per kg in a turnover of 48 lots.
Similarly, nickel for delivery in November traded lower by Rs 3.10, or 0.35% to Rs 875 per kg in 1 lot.
Analysts attributed the fall in nickel prices at futures trade to subdued domestic demand, particularly from alloy-makers, and a weak trend in copper and other base metals at the London Metal Exchange on slowing demand in China before next week's holidays.
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