Nickel futures up on spot demand
Feb 17, 2020, 12:32 IST
New Delhi, Feb 17 () Nickel prices on Monday edged up Rs 3.40 to Rs 955.50 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market.
On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 3.40, or 0.36 per cent, to Rs 955.50 per kg in a business turnover of 2,071 lots.
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Similarly, the metal for March delivery traded higher by Rs 4.90, or 0.52 per cent, at Rs 956.30 per kg in a business turnover of 59 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said. VHP SHWSHW(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)