 "Nickel marginally down on global cues")
Nickel futures traded a shade lower at Rs 810.10 per kg prices as speculators offloaded positions after the metal declined in global markets.
Furthermore, low demand from alloy-makers and other consuming industries in the domestic spot markets also weighed on the prices.
Nickel for delivery in May eased by 40 paise, to Rs 810.10 per kg in a turnover of 1,060 lots in futures trading at the Multi Commodity Exchange.
Analysts said nickel prices fell largely in line with a weakening trend overseas. Slackened demand from alloy-makers in domestic spot markets also put pressure on the metal.
Globally, nickel for July delivery, lost 2% to 98,110 yuan per tonne on the Shanghai Futures Exchange.
Furthermore, low demand from alloy-makers and other consuming industries in the domestic spot markets also weighed on the prices.
Nickel for delivery in May eased by 40 paise, to Rs 810.10 per kg in a turnover of 1,060 lots in futures trading at the Multi Commodity Exchange.
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The metal for delivery in June shed 20 paise to Rs 817.90 per kg in 227 lots.
Analysts said nickel prices fell largely in line with a weakening trend overseas. Slackened demand from alloy-makers in domestic spot markets also put pressure on the metal.
Globally, nickel for July delivery, lost 2% to 98,110 yuan per tonne on the Shanghai Futures Exchange.
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