Nickel, Lead futures dip on easing demand - Highlight Investment Research

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Tuesday 9 January 2018

Nickel, Lead futures dip on easing demand

Lead futures were trading lower during the afternoon trade in the domestic market on Tuesday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

Nickel futures were trading higher during the noon trade in the domestic market on Tuesday as participants widened their bets, driven by pick-up in demand in the spot market. Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.


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