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Nickel remains weak on easing demand

Press Trust of India  |  New Delhi 

Nickel prices slipped further by Rs 2 per kg at the non-ferrous metal market today due to tepid demand from consuming industries at domestic spot market.

However, other base metals held steady in thin trade.

Traders said sluggish demand from consuming industries particularly from alloy-makers at domestic spot market, kept nickel prices lower.

In the national capital, nickel plate (4x4) shed Rs 2 at Rs 804-809 per kg.

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

Zinc ingot Rs 104-110, Nickel plate (4x4) Rs 804-809, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 358, chadri deshi Rs 295.

Lead ingot Rs 89, lead imported Rs 95, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.

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

First Published: Sat, January 14 2017. 14:28 IST