BS reported that Nickel in futures trade eased by 0.11pct to INR 890.30 per kilogram as speculators reduced positions on subdued demand from alloy makers in the spot market.

At the Multi Commodity Exchange, nickel for delivery in November weakened by INR 1, or 0.11%, to INR 890.30 per kilogram in business turnover of 686 lots. Similarly, the metal for delivery in December traded lower by 70 paise, or 0.08%, to INR 898.40 per kilogram in 13 lots.

Analysts said that the fall in nickel prices at futures trade was mostly due to offloading of positions by speculators on the back of subdued demand from alloy maker in the spot market.