Nickel futures slide on tepid demand

On the Multi Commodity Exchange, nickel contracts for June delivery traded down by Rs 5.60, or 0.6 percent, to Rs 924.70 per kg with a business turnover of 1,434 lots.

May 29, 2020 / 04:47 PM IST

Nickel prices on Friday fell 0.6 percent to Rs 924.70 per kg in futures trade after participants offloaded their positions amid weak demand in spot market.

On the Multi Commodity Exchange, nickel contracts for June delivery traded down by Rs 5.60, or 0.6 percent, to Rs 924.70 per kg with a business turnover of 1,434 lots.

Analysts said subdued demand in spot market mainly led to fall in nickel prices.
PTI
first published: May 29, 2020 04:43 pm
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