Tuesday, August 5, 2014

India - Non-Ferrous Metal Market - Nickel price falls due to subdued demand from alloy-makers

India - Non-Ferrous Metal Market - Nickel price falls due to subdued demand from alloy-makers

Nickel futures traded a shade lower at Rs 1,131.40 per kg today as participants kept their positions restricted amidst sluggish demand from alloy-makers in the domestic spot market.

At the Multi Commodity Exchange, nickel for delivery in September fell by 70 paise, or 0.06%, to Rs 1,131.40 per kg in a business turnover of 18 lots.

The metal for delivery in August also shed 50 paise, or 0.04%, to Rs 1,126.20 per kg in a turnover of 858 lots.

Market analysts said the fall in nickel prices at futures trade was mostly in tandem with a weakening trend at domestic market due to subdued demand from alloy-makers.

Article Source: http://www.business-standard.com/article/pti-stories/nickel-futures-marginally-down-on-subdued-demand-114080400337_1.html
Publication Date: 04 August 2014

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