It’s reported that the nickel for August delivery dropped by 0.32% to INR871.20/kg at the Multi Commodity Exchange of India Ltd (MCX) as the speculators cut the positions. The business turnover is 7,169 lots.

At the same time, the nickel for September delivery fell by 0.27% to INR882.40/kg. with business turnover of 598 lots.

Meanwhile, nickel prices at London Metal Exchange dropped by 0.4% to US$15,680/ton.