Nickel futures zoom as China returns after break

Nickel futures zoom as China returns after break

10/10/2016 10:51

Nickel futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators build up fresh positions amid rise in domestic demand in the industrial metal, and tracking positive cues from overseas markets as Chinese markets returned after a week-long break.

The prices of nickel fell last week when Indonesian officials said they were considering reinstating nickel ore exports. At the MCX, nickel futures for October 2016 contract is trading at Rs 693.90 per kg, up by 1.91 per cent, after opening at Rs 682, against a previous close of Rs 680.90. It touched the intra-day high of Rs 695.80 (at 10:44 hours).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s