Nickel Futures Climb 1.86% As Demand Picks Up

Nickel futures jumped over 1 per cent during evening trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal on rise in demand after recent price fall. However, according to Reuters poll, pace of expansion in China's manufacturing sector likely to be slowed down this month as factory-gate price-growth slowed and authorities moved to tackle risks in the property market and credit growth, capped gains further. 

At the MCX, nickel futures for April 2017 contract is trading at Rs 607.30 per kg, up by 1.86 per cent, after opening at Rs 598.10, against a previous close of Rs 596.20. It touched the intra-day high of Rs 610.40.

Get Commodity Market Trading Tips for click here http://www.ripplesadvisory.com/services.php.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.