Muted demand drags down nickel futures
03/08/2016 11:48
Nickel futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators trimmed their bets amid a decline in demand from alloy-makers at the domestic spot market.
Further, a fall in domestic demand from alloy-makers at the domestic spot markets, influenced the down trend in nickel prices at the futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 715.60 per kg, down by 0.11 per cent, after opening at Rs 717.10, against a previous close of Rs 716.40. It touched the intra-day low of Rs 713.60 (at 11:47 hours).
03/08/2016 11:48
Further, a fall in domestic demand from alloy-makers at the domestic spot markets, influenced the down trend in nickel prices at the futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 715.60 per kg, down by 0.11 per cent, after opening at Rs 717.10, against a previous close of Rs 716.40. It touched the intra-day low of Rs 713.60 (at 11:47 hours).
