Nickel marginally down on subdued spot demand

Nickel futures for February weakened by Rs 2.20 paise, or 0.24%, to Rs 896.90 per kg in 4,329 lots.

At the Multi Commodity Exchange (MCX), the March contract traded lower by Rs 1.80, or 0.20%, to Rs 904.50 per kg in 1,499 lots.

Prices went down as speculators trimmed their exposures amid a weak spot market demands.

Subdued demand from alloy-makers in the spot market mainly weighed on nickel futures trade.