Nickel prices declined by 0.72 per cent to Rs 831.10 per kg in futures trade today as speculators booked profits at existing levels amid easing demand at the spot market.
At the Mcx, nickel for delivery in November shed Rs 6, or 0.72 per cent to Rs 831.10 per kg in a business turnover of 2,148 lots.
Similarly, the metal for delivery in December contracts traded lower by Rs 6, or 0.71 per cent to Rs 836.20 per kg in 57 lots.
Analysts said profit-booking by participants at prevailing levels amid fall in demand from alloy-makers at the spot market, mainly influenced nickel prices at futures trade.
Aluminium
Aluminium prices were marginally higher by 0.18 per cent to Rs 139.90 per kg in futures trade today as speculators created fresh positions amid improved demand in the spot market.
Aluminium prices were marginally higher by 0.18 per cent to Rs 139.90 per kg in futures trade today as speculators created fresh positions amid improved demand in the spot market.
At the Mcx,aluminium for delivery in November inched up by 25 paise, or 0.18 per cent to Rs 139.90 per kg in business turnover of 727 lots.
Similarly, the metal for delivery in December traded higher by 20 paise, or 0.14 per cent to Rs 140.45 per kg in 94 lots.
Analysts said fresh positions built up by participants after uptick in demand from consuming industries in the physical market mainly influenced aluminium prices at futures trade.
Copper
Tracking positive global cues, copper prices edged higher by 0.14 per cent to Rs 457.70 per kg in futures trade today as participants raised bets amid firm trend overseas.
Tracking positive global cues, copper prices edged higher by 0.14 per cent to Rs 457.70 per kg in futures trade today as participants raised bets amid firm trend overseas.
At the Mcx, copper for delivery in far-month February next year was up by 65 paise, or 0.14 per cent to Rs 457.70 per kg in business turnover of 187 lots.
Likewise, the metal for delivery in November traded higher by 50 paise, or 0.11 per cent to Rs 451.45 per kg in 5,315 lots.
Analysts said besides firm trend overseas on expectations of healthy demand from the electric vehicle sector, pick-up in demand in the spot market, mainly led to rise in copper prices at futures trade.
Globally, copper for delivery in three month ended up 1.1 per cent at USD 6,970 per tonne on the London Metal Exchange.
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