Published on 24/04/2017 5:25:56 PM | Source: Dion Global Solutions Ltd

Nickel futures in reverse gear

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

Nickel futures were trading lower during evening trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal on diminishing demand from consuming industries.

Further, nickel prices fell on the back of subdued demand from consuming industries at the domestic spot market. At the MCX, nickel futures for April 2017 contract is trading at Rs 601.10 per kg, down by 0.61 per cent, after opening at Rs 604.50, against a previous close of Rs 604.80. It touched the intra-day low of Rs 600.20 (at 16:28 hours).