BASE METALS & ENERGY
D A I L Y B U Z Z
NICKEL
Nickel prices dropped 0.30 per cent to Rs 1,148.30 per kg in futures trade today on weakening trend at the London Metal Exchange and subdued demand at domestic spot markets.
At the Multi Commodity Exchange, nickel for delivery in September dropped by Rs 3.50, or 0.30 per cent, to Rs 1,148.30 per kg in a business turnover of one lot.
The metal for delivery in current month also fell by Rs 3.30, or 0.29 per cent, to Rs 1,142.20 per kg in a turnover of 80 lots.
Globally, nickel for three-month delivery fell by 0.40 per cent to USD 18,883 per tonne at the LME.
CRUDE OIL
Crude oil futures declined by 0.19 per cent to Rs 5,688 per barrel today in line with a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in September shed Rs 11, or 0.19 per cent, to Rs 5,688 per barrel, with a business volume of 881 lots.
Oil prices for October delivery moved down by a similar margin to trade at Rs 5,703 per barrel, with a business volume of 45 lots.
