Copper, nickel down on global cues
Copper and nickel prices declined by up to Rs 5 per kg on the local non-ferrous metal market today on reduced industrial offtake amid a weakening global trend.
Copper for three-month delivery fell by 0.8% to $8,720, while nickel shed 0.4% to $24,300 a metric tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap declined by Rs 2 each to Rs 505, Rs 528 and Rs 488, respectively, while nickel (4x4) followed suit and shed Rs 5 to Rs 1,065-1,067 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 845, zinc ingot 135.50, nickel plate (4x4) 1,065-1,067, gun metal scrap 226 bell metal scrap 228, copper wire scrap 505, copper wire bar 528, copper mixed scrap 488, Utensil scrap 224, Chadripital 175
Lead ingot 140, lead imported 142, aluminium ingots 109, sheet cutting 110, aluminium wire scrap 110 and aluminium utensils scrap 107