Saturday 18 January 2020
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business-standard - 1 month ago

Nickel futures rise on strong demand

Nickel prices on Friday moved up by Rs 9.40 to Rs 993 per kg in futures trade as speculators enlarged their positions driven by firm demand from alloy-makers in spot market. On the Multi Commodity Exchange, nickel contracts for December delivery gained Rs 9.40, or 0.96 per cent, to Rs 993 per kg in a business turnover of 2,190 lots. Similarly, the metal for delivery in January traded up by Rs 7.80, or 0.78 per cent at Rs 991.10 per kg in a business turnover of 27 lots. Rising demand in spot market from alloy-makers supported price rise in nickel futures, analysts said.


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