Nickel futures dip on muted demand
06/12/2017
Nickel futures dip on muted demand
06/12/2017 13:00
Nickel futures were trading lower during the afternoon trade in the domestic market on Wednesday 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 December 2017 contract is trading at Rs 700.30per kg, down by 0.33 per cent, after opening at Rs 700.10, against a previous close of Rs 702.60. It touched the intra-day low of Rs 697.80(at 13:04 hours).
06/12/2017
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Nickel futures dip on muted demand
06/12/2017 13:00
Nickel futures were trading lower during the afternoon trade in the domestic market on Wednesday 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 December 2017 contract is trading at Rs 700.30per kg, down by 0.33 per cent, after opening at Rs 700.10, against a previous close of Rs 702.60. It touched the intra-day low of Rs 697.80(at 13:04 hours).
