Nickel down 0.4% on sluggish demand, global cues
Analysts attributed the fall in nickel prices at futures trade to subdued domestic demand
)
Nickel prices moved down by 0.44% to Rs 868.80 per kg in futures trade today due to sluggish demand from alloy-makers in the spot market amid a weak global trend.
At the Multi Commodity Exchange, nickel for delivery in September month declined by Rs 3.80, or 0.44%, to Rs 868.80 per kg in a turnover of 1,384 lots.
Similarly, the metal for delivery in October traded lower by Rs 3.60, or 0.41%, to Rs 878.80 per kg in 76 lots.
Analysts attributed the fall in nickel prices at futures trade to subdued domestic demand, particularly from alloy-makers, and a weak trend in the entire base metals at the London Metal Exchange.
At the Multi Commodity Exchange, nickel for delivery in September month declined by Rs 3.80, or 0.44%, to Rs 868.80 per kg in a turnover of 1,384 lots.
Similarly, the metal for delivery in October traded lower by Rs 3.60, or 0.41%, to Rs 878.80 per kg in 76 lots.
Analysts attributed the fall in nickel prices at futures trade to subdued domestic demand, particularly from alloy-makers, and a weak trend in the entire base metals at the London Metal Exchange.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Sep 24 2013 | 4:31 PM IST