Nickel futures slide on tepid demand
On the Multi Commodity Exchange, nickel contracts for the July delivery traded lower by Rs 5.70, or 0.42 per cent, to Rs 1,356.10 per kg with a business turnover of 2,356 lots.
By PTI |
ETAuto
NEW DELHI: Nickel prices on Tuesday fell 0.42 per cent to Rs 1,356.10 per kg in the futures trade after participants offloaded their positions amid weak demand in the spot market.
On the Multi Commodity Exchange, nickel contracts for the July delivery traded lower by Rs 5.70, or 0.42 per cent, to Rs 1,356.10 per kg with a business turnover of 2,356 lots.
Analysts said subdued demand in the spot market mainly led to the fall in nickel futures prices.
On the Multi Commodity Exchange, nickel contracts for the July delivery traded lower by Rs 5.70, or 0.42 per cent, to Rs 1,356.10 per kg with a business turnover of 2,356 lots.
Analysts said subdued demand in the spot market mainly led to the fall in nickel futures prices.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
