NEW DELHI: Nickel prices dropped 0.51 per cent to Rs 915.80 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 4.70, or 0.51 per cent, to Rs 915.80 per kg in a business turnover of 2,453 lots. The metal for delivery in April also fell by Rs 3.80, or 0.41 per cent to Rs 923.10 per kg in a turnover of 818 lots. In the global market, nickel dropped one per cent to USD 16,975 a tonne at the London Metal Exchange (LME). 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 LME and subdued demand at the spot markets form alloy-makers and other consuming industries.

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