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Nickel, copper slide on muted demand

Press Trust of India  |  New Delhi 

Prices of nickel and copper drifted lower by up to Rs 5 per kg at the non-ferrous metal market today owing to slackened demand from consuming industries at domestic spot market.

Traders attributed the fall in nickel and copper prices to subdued demand from consuming industries at domestic spot market.

In the national capital, nickel plate (4x4) and copper mixed scrap fell by Rs 5 and Rs 2 to Rs 817-822 and Rs 362 per kg, respectively.

Following are today's metal rates (in Rs per kg):

Zinc ingot Rs 104-110, Nickel plate (4x4) Rs 817-822, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 362, chadri deshi Rs 295.

Lead ingot Rs 87, lead imported Rs 93, aluminium ingots Rs 158, aluminium sheet cutting Rs 154, aluminium wire scrap Rs 154 and aluminium utensils scrap Rs 152.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 19 2016. 14:22 IST