Nickel futures drop by 0.53% on sluggish demand
22/08/2016 10:51
Nickel futures were trading lower during the morning trade in the domestic market on Monday as speculators cut down their bets amid sluggish demand from alloy-makers at the domestic spot market. Further, a drop in domestic demand from alloy-makers at the domestic spot markets, influenced the downtrend in nickel prices at futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 690.50 per kg, down by 0.53 per cent, after opening at Rs 691.80, against a previous close of Rs 694.20. It touched the intra-day low of Rs 689.80 (at 10:49 hours).
