Economic Times reported that Nickel futures prices fell by 0.30% to INR 971.90 per kg on December 11th 2012 after speculators locked-in gains amid a weakening trend in base metals overseas.

At the Multi Commodity Exchange, nickel for delivery in January traded INR 2.90, or 0.30% lower at INR 971.90 per kg, with a business turnover of 301 lots.

Market participants said apart from sluggish demand from alloy makers, weakness in base metals at the London Metal Exchange after China trade slowed following less-than- expected growth in its exports in November, put pressure on nickel futures here.

Source – Economic Times