Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Nickel futures edge lower on weak demand

24-May2018

Nickel futures edge lower on weak demand

Nickel futures edged lower on MCX as participants offloaded their holdings amid weak demand from alloy-makers and other consuming industries at the spot market.

The contract for May delivery was trading at Rs 993.70, down by 0.23% or Rs 2.30 from its previous closing of Rs 996.00. The open interest of the contract stood at 7136 lots.

The contract for June delivery was trading at Rs 998.50, down by 0.18% or Rs 1.80 from its previous closing of Rs 1000.30. The open interest of the contract stood at 2640 lots on MCX.


Related News

View all news

Barley futures trade marginally lower on sluggish demand

Barley futures traded moderately lower on NCDEX, due to liquidation  of bets by participants tracking sluggish demand from consuming industriesThe contract for December delivery was trading at......

Barley futures trade lower on NCDEX

Barley futures traded lower on NCDEX, as market players liquidated their portfolios at prevailing higher levels. However, some losses remained capped with the concerns on production at high temperature......

Barley futures trade moderately higher on supply crunch

Barley futures traded moderately higher on NCDEX, due to frantic buying by retailers and stockists as the ongoing supply crunch intensifies. As per reports, barley rates have climbed 15-20% in the last......

Top News

View all news

AGC Networks' arm incorporates subsidiary in New Zealand

AGC Networks' wholly owned subsidiary -- AGC Networks Australia Pty, Australia, has incorporated its subsidiary namely 'AGC Networks New Zealand' which is registered with the Registrar of Companies of......

Allium Finance becomes subsidiary of Edelweiss Financial Services

Allium Finance has become a subsidiary of Edelweiss Financial Services, earlier which was an associate company.Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking......

RIL's telecom arm gets nod to transfer its fibre undertaking

Reliance Industries' (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has received approval for scheme of arrangement for transfer of its fibre undertaking, on a going concern basis, to a separate company.......