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Nickel futures today traded lower by 0.38% to Rs 1,116.20 per kg largely in tune with a weakening trend overseas amid subdued spot demand.
At the Multi Commodity Exchange, nickel for delivery in June weakened by Rs 4.30 paise, or 0.38%, to Rs 1,116.20 per kg in business turnover of 1,032 lots.
Similarly, the metal for delivery in July traded lower by Rs 4.20, or 0.37%, to Rs 1,121.50 per kg in 20 lots.
Market analysts said apart from weak demand from alloy-makers at domestic spot markets, a weak trend in the base
metals pack at the London Metal Exchange mainly weighed on nickel prices at futures trade here.
