INSUBCONTINENT EXCLUSIVE:
Nickel prices on Monday fell by Rs 4 to Rs 928.30 per kg in futures trade due to reducing of positions by speculators amid subdued demand at
spot market.
On the Multi Commodity Exchange, nickel contracts for February delivery fell by Rs 4, or 0.43 per cent, to Rs 928.30 per kg
with a business turnover of 962 lots.
Similarly, nickel contracts for March delivery dropped by Rs 3.20, or 0.34 per cent, to Rs 927.30 per
kg in 2,431 lots.
Analysts said subdued demand at spot market mainly led to fall in nickel prices here.
Copper Copper futures on Monday
traded 0.98 per cent lower at Rs 426.05 per kg as speculators reduced their exposure on weak spot demand.
On the Multi Commodity Exchange,
copper contracts for February delivery fell by Rs 4.20, or 0.98 per cent, to Rs 426.05 per kg in a business turnover of 1,263
lots.
Similarly, copper contracts for March delivery traded lower by Rs 4.35, or 1 per cent, to Rs 430.40 per kg in a business turnover of
1,776 lots.
Traders said subdued demand in spot market mainly pushed down copper prices here
Zinc Zinc prices on Monday fell 2.92 per cent to Rs 162.90 per kg in futures trade as speculators cut bets amid easing demand at spot
market.
On the Multi Commodity Exchange, zinc contracts for May delivery moved down by Rs 4.90, or 2.92 per cent, to Rs 162.90 per kg in a
business turnover of 20 lots.
Analysts said offloading of positions by traders owing to slackened demand from consuming industries in the
physical market mainly weighed on zinc prices in futures trade here