Published on 14/02/2018 2:52:02 PM | Source: Dion Global Solutions Ltd

Nickel futures up on rising demand

Posted in Commodity Top News| #MCX #Commodity #Nickel

Nickel futures were trading higher during the noon trade in the domestic market on Wednesday as participants widened their bets, driven by pick-up in demand in the spot market. Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.

At the MCX, nickel futures for February 2018 contract is trading at Rs 866.50 per kg, up by 0.53 per cent, after opening a.t Rs 862.60, against a previous close of Rs 861.90. It touched the intra-day high of Rs 869