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Nickel futures dip on ease of supply concerns
05 Oct 2016
Nickel futures were trading lower during the afternoon trade in the domestic market on Wednesday as investors and speculators trimmed their positions amid slide in spot demand tracking weak trend overseas.

The fall in prices of nickel was in-line with a weak treand in global markets as supply concerns eased amid speculation that Philippine mines could avoid shutdowns after a government audit of producers. At the MCX, nickel futures for October 2016 contract is trading at Rs 669.90 per kg, down by 0.27 per cent, after opening at Rs 672.50, against a previous close of Rs 671.70. It touched the intra-day low of Rs 666.80 (at 12:58 hours).

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