ET:Nickel moves up in futures trade on spot demand
NEW DELHI: Nickel prices traded higher by Rs 6.60 to Rs 906.70 per kg in futures trading today due to pick up in demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in August rose by Rs 6.30, or 0.37 per cent, to Rs 906.70 per kg, with a business turnover of 3,944 lots.
Similarly, the metal for delivery in July traded higher by Rs 1.90, or 0.21 per cent, to Rs 895 per kg in 3,797 lots.
Marketmen said pick up in demand from alloy-makers in the spot market mainly led to a rise in nickel futures.
