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Low demand drags down nickel futures by 0.39%

Press Trust of India  |  New Delhi 

prices drifted lower by 0.39 per cent to Rs 942.30 per kg in futures trading today as speculators reduced exposure amid easing demand in the spot market.

At the Multi Commodity Exchange, for delivery in September fell by Rs 3.70, or 0.39 per cent to Rs 942.30 per kg in business turnover of 30 lots.

Similarly, the for delivery in 3.40, or 0.36 per cent to Rs 937.90 per kg in 1,982 lots.

Analysts attributed the slide in futures to cutting down of positions on the back of fall in demand from alloy-makers in the spot market.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 07 2018. 10:55 IST