Nickel Futures Dip On Subdued Demand

Nickel futures were trading lower during the afternoon trade in the domestic market on Monday tracking a weak trend in base metals at the London Metal Exchange (LME) amid muted demand at the domestic spot markets. Market analysts said the fall in nickel prices was mostly in tune with a weak trend in the base metals pack at the LME. Besides, muted demand from alloy-makers at the domestic spot markets weighed on metal prices in futures trade.

At the MCX, nickel futures for April 2018 contract is trading at Rs 918.10 per kg, down by 0.57 per cent, after opening at Rs 916.80, against a previous close of Rs 923.40. It touched the intra-day low of Rs 916.80.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
SHARE

Suhani Verma

  • Image
  • Image
  • Image
    Blogger Comment
    Facebook Comment

0 comments: