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Nickel futures soften by 0.38% on weak spot cues

Press Trust of India  |  New Delhi 

prices moved down by 0.38 per cent to Rs 1,036 per kg in futures trade today as speculators trimmed their positions, taking negative cues from spot market on subdued demand.

At the Multi Commodity Exchange, for delivery in June declined by Rs 4, or 0.38 per cent, to Rs 1,036 per kg in business turnover of 4172 lots.

Similarly, the for delivery in July contracts 3.30, or 0.32 per cent, to Rs 1,041.10 per kg in 226 lots.

Analysts said offloading of positions by participants due to fall in demand from alloy-makers in the physical market led to the decline in prices in futures trade.

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

First Published: Fri, June 08 2018. 12:15 IST