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Published on 12/07/2018 1:27:00 PM | Source: Dion Global Solutions Ltd.

Robust demand lifts nickel futures 2%

Posted in Commodities| #MCX #Commodity #Nickel

Nickel futures were trading higher during the noon trade in the domestic market on Thursday as speculators raised their bets, supported by uptick in demand at the domestic spot market. Analysts said fresh positions created by participants after upsurge in demand from alloy-makers in the physical market mainly led to the rise in nickel prices at futures trade.

At the MCX, nickel futures for July 2018 contract is trading at Rs 978.00 per kg, up by 2.02 per cent, after opening at Rs 963.70, against a previous close of Rs 958.60. It touched the intra-day high of Rs 984.70 (at 12:20 hours)