NEW DELHI: Nickel futures prices today traded marginally lower by 0.07 per cent to Rs 943 per kg, due to reduced offtake by traders on subdued demand from alloy-makers in the spot market. A weakening trend in global markets also dampened the trading sentiment. At the Multi Commodity Exchange, nickel for delivery in May weakened by 70 paise, or 0.07 per cent, to Rs 943 per kg, with a business turnover of 187 lots. Similarly, the metal for delivery in April traded lower by 50 paise, or 0.05 per cent, to Rs 931.80 per kg, with a business turnover of 1,896 lots. Market analysts said besides subdued demand from alloy- makers in the spot market, a weak trend in overseas market kept pressure on the nickel prices at futures trade. Meanwhile, nickel was marginally down at USD 18,230 a tonne on the London Metal Exchange.

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