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Published on 2/12/2019 3:01:22 PM | Source: Dion Global Solutions Ltd

Nickel futures down on reduced demand

Posted in Commodity Top News| #Commodity #Nickel

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Nickel futures were trading lower during the noon trade in the domestic market on Monday due to reducing of positions by speculators amid sluggish demand at the spot market. Analysts said subdued demand at the spot market mainly led to the fall in nickel futures prices.

At the MCX, nickel futures for December 2019 contract is trading at Rs 1163.30 per kg, down by 0.66 per cent, after opening at Rs 1002.80, against a previous close of Rs 1005.50. It touched the intra-day low of Rs 998.30 (at 14:25 hours).