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Nickel futures slide on tepid demand

On the Multi Commodity Exchange, nickel contracts for August delivery traded down by Rs 11.30, or 1.09 percent, to Rs 1,027.80 per kg with a business turnover of 1,433 lots.

July 28, 2020 / 02:29 PM IST

Nickel prices on Tuesday fell by 1.09 percent to Rs 1,027.80 per kg in futures trade after participants offloaded their positions amid weak demand in spot market.

On the Multi Commodity Exchange, nickel contracts for August delivery traded down by Rs 11.30, or 1.09 percent, to Rs 1,027.80 per kg with a business turnover of 1,433 lots.

Analysts said subdued demand in spot market mainly led to the fall in nickel futures prices.
PTI
first published: Jul 28, 2020 02:23 pm
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