Mcx Market News On Nickel

Nickel futures were trading mildly higher during noon trade in the domestic market on Thursday amidst a pickup in physical demand, by alloy-makers, for Nickel, in the domestic spot market. However, the gains in the industrial metal were curbed by fears over a gloomy demand outlook from China, the world’s biggest metals consumer, as an ongoing stock rout in the country threatened to spread to other parts of the economy.

China’s stock markets declined for a second straight day with benchmark Shanghai Composite plunging over 3 per cent as traders seemed unsure over policymakers’ ability to manage an economic slowdown and tackle financial volatility.

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