Nickel futures rose during evening trade in the domestic market on Wednesday as investors and speculators extended their positions in the industrial metal despite thin trade due to China’s week-long Lunar New Year holiday. 

The China’s Shanghai Futures Exchange is closed for the Lunar New Year holiday through to February 2 and will reopen on February 3. 

At the MCX, nickel futures for February 2017 contract is trading at Rs 680.60 per kg, up by 0.89 per cent, after opening at Rs 682.50, against a previous close of Rs 674.60. It touched the intra-day high of Rs 683. 

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