Comments
Nickel futures prices fell by Rs 7.70 to Rs 1,105.40 a kg on Thursday, largely in tandem with a weak trend in the base metals pack at the London Metal Exchange (LME).
At the Multi Commodity Exchange counter, lead prices fell by Rs 7.70 or 0.69 per cent to Rs 1,105.40 a kg, with a trade volume of 29 lots.
Similarly, the metal for delivery in December declined by Rs 6.70 or 0.61 per cent to Rs 1,085 a kg, with a trade volume of just two lots.
Analysts said a weak trend in the base metals pack at LME due to sluggish demand from China, the world’s largest consumer of metals, mainly weighed on the futures prices here.
Meanwhile, nickel remained unchanged at $24,050 a tonne at the LME.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.