ET:Nickel futures marginally down on subdued spot demand
NEW DELHI: Nickel futures today traded marginally lower by 0.24 per cent to Rs 896.90 per kg as speculators trimmed their exposures amid a weak demand in the spot markets.
At the Multi Commodity Exchange, nickel for delivery in February weakened by Rs 2.20 paise, or 0.24 per cent, to Rs 896.90 per kg in business turnover of 4,329 lots.
Similarly, the metal for delivery in March traded lower by Rs 1.80, or 0.20 per cent, to Rs 904.50 per kg in 1,499 lots.
Market analysts said subdued demand from alloy-makers in the spot market mainly weighed on nickel prices at futures trade here.
