Nickel prices declined by Rs 2 per kg at the non-ferrous metal market today owing to slackened demand from consuming industries. Traders said muted demand from consuming industries at domestic spot market mainly weighed on nickel prices. In the national capital, nickel plate (4x4) shed Rs 2 to Rs 743-748 per kg. Following are today's metal rates (in Rs per kg): Zinc ingot Rs 120-126, Nickel plate (4x4) Rs 743-748, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 390, chadri deshi Rs 295. Lead ingot Rs 121, lead imported Rs 127, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.
Nickel slides on sluggish demand
Press Trust of India |