NEW DELHI: Nickel prices dropped 0.23 per cent to Rs 921.90 per kg in futures trade today, largely in line with a weakening trend at the London Metal Exchange and sluggish demand from alloy-makers in the domestic spot market. At the Multi Commodity Exchange, Nickel for delivery in March dropped by Rs 2.10, or 0.23 per cent, to Rs 921.90 per kg in a business turnover of 734 lots. The metal for delivery in April also fell by a similar margin to trade at Rs 928.30 per kg in a turnover of 68 lots. In the global market, nickel dropped 0.5 per cent to $16,945 a tonne at the London Metal Exchange. Market analysts the fall in nickel prices at futures trade was mostly in tandem with a weakening trend in the base metal pack at the London Metal Exchange and subdued demand at the spot markets form alloy-makers and other consuming industries.

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