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Nickel futures slide on soft demand

PTI   

Nickel futures slide on soft demand
Business1 min read
New Delhi, Jan 30 () Nickel futures on Thursday declined by Rs 2.20 to Rs 934 per kg due to reducing of positions by speculators amid sluggish demand at spot market.

On the Multi Commodity Exchange, nickel contracts for February delivery fell by Rs 2.20, or 0.23 per cent, to Rs 934 per kg with a business turnover of 2,910 lots.

Similarly, nickel contracts for March delivery dropped by Rs 1.90, or 0.20 per cent, to Rs 932.40 per kg in 22 lots.

Analysts said subdued demand in spot market mainly led to fall in nickel future prices here. VHP SHW SHW

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