Nickel futures edged lower on MCX as speculators reduced their positions on the back of weakening trend in the domestic spot markets due to subdued demand from alloy-makers. Besides, a weakening trend in most industrial metals at the London Metal Exchange (LME) also weighed on the nickel prices.
The contract for April delivery was trading at Rs 1092.50, down by 0.10% or Rs 1.10 from its previous closing of Rs 1093.60. The open interest of the contract stood at 3981.00 lots.
The contract for May delivery was trading at Rs 1095.80, down by 0.27% or Rs 3.00 from its previous closing of Rs 1098.80. The open interest of the contract stood at 8037.00 lots on MCX.
No comments:
Post a Comment