Nickel futures dip on subdued demand : 07/09/2018
Nickel futures dip on subdued demand
07/09/2018 15:02
Nickel futures were trading lower during the noon trade in the domestic market on Friday 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 September 2018 contract is trading at Rs 884.80 per kg, down by 1.27 per cent, after opening at Rs 890.10, against a previous close of Rs 896.20. It touched the intra-day low of Rs 879.60(at 15:04 hours)
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Nickel futures dip on subdued demand
07/09/2018 15:02
Nickel futures were trading lower during the noon trade in the domestic market on Friday 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 September 2018 contract is trading at Rs 884.80 per kg, down by 1.27 per cent, after opening at Rs 890.10, against a previous close of Rs 896.20. It touched the intra-day low of Rs 879.60(at 15:04 hours)
