Published on 9/10/2019 5:07:46 PM | Source: Dion Global Solutions Ltd

Nickel futures rise on upbeat demand

Posted in Top Stories| #Commodity #Nickel

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Nickel futures were trading higher during noon trade in the domestic market on Wednesday as speculators built their positions owing to rising demand from alloy-makers in the spot market. Rising demand at spot market from alloy-makers supported price rise in nickel futures, analysts said.

At the MCX, nickel futures for October 2019 contract is trading at Rs 1258.50 per kg, up by 0.54 per cent, after opening at Rs 1250.50, against a previous close of Rs 1251.80. It touched the intra-day high of Rs 1261.60 (at 15: 34 hours).