Nickel Prices | Nickel Trading | Futures Options

Nickel prices closed higher by 0.67 per cent on Wednesday at the Multi Commodity Exchange (MCX) in the midst of a pick up in the demand from alloy makers in the market.

Nickel futures for December 2012 contract, at MCX, closed at Rs. 887.40 per kg, up by 0.67 per cent after opening at Rs. 884.50 against the previous closing price of Rs. 881.50. It touched the intra-day high of Rs. 893.20.

Major producers of Nickel are Russia, followed by Australia, Canada, New Caledonia and Indonesia, which represents over 65 per cent of total world production. 

The world primary nickel consumption is about 1 million tons. Consumption centers are Japan 2 lakh tons and European Union 3.74 lakh tons. [Via]

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