Nickel futures were trading lower during the afternoon trade in the domestic market on Thursday as investors and speculators exited their positions amid subdued domestic demand in the industrial metal.

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 671.60 per kg, down by 0.62 per cent, after opening at Rs 673, against a previous close of Rs 675.80. It touched the intra-day low of Rs 670.90.

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