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Nickel futures down 0.84% on weak spot cues

Press Trust of India  |  New Delhi 

Nickel prices traded lower by 0.84 per cent to Rs 968.10 per kg in futures trading today as speculators trimmed positions post muted cues from

At the Multi Commodity Exchange, nickel for delivery in May fell by Rs 8.20, or 0.84 per cent to Rs 968.10 per kg in business turnover of 2,381 lots.

Likewise, the for delivery in June was trading lower by Rs 7.60, or 0.78 per cent to Rs 971.80 per kg in 45 lots.

Market analysts said off-loading of positions by participants owing to slackened demand from alloy-makers in the physical markets influenced nickel prices at futures trade.

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

First Published: Tue, May 15 2018. 11:40 IST