Rise in demand lifts nickel futures

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Rise in demand lifts nickel futures

posted on Feb 11, 2019 10:03AM

11 February 2019

New Delhi, Feb 11 Nickel prices were up 0.02 per cent to Rs 895.90 per kg in futures market Monday as speculators raised bets driven by pick up in demand from consuming industries in the spot market.

At the Multi Commodity Exchange, nickel for delivery in February rose by 20 paise, or 0.02 per cent, to Rs 895.90 per kg in a business turnover of 2,536 lots.

Market analysts attributed the rise in nickel futures to fresh positions built up by participants due to pick up in demand from alloy-makers in the physical market. SUN RUJ ADI ADI

Source: https://www.outlookindia.com/newsscroll/rise-in-demand-lifts-nickel-futures/1476371

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