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Nickel futures remain weak, shed 0.12% as demand declines

Press Trust of India  |  New Delhi 

prices fell another 0.12 per cent to Rs 880.80 per kg in futures market today as speculators pared their positions, taking negative cues from the spot market on tepid demand from alloy-makers.

At the Multi Commodity Exchange, for delivery in April month declined by Rs 1.10, or 0.12 per cent to Rs 880.80 per kg in business turnover of 24 lots.

Similarly, the for delivery in March contracts 1, or 0.11 per cent to Rs 876.80 per kg in 1,436 lots.

Market analysts said offloading of positions by traders due to easing demand from alloy-makers in the physical market kept prices down in futures trade.

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

First Published: Thu, March 08 2018. 11:30 IST