 "Nickel spurts on heavy demand")
In a limited activity, nickel prices spurted at the non-ferrous metal market here today on sustained stockist buying amidst heavy demand from alloy industries despite lower London Metal Exchange (LME) cues.
Elsewhere, select copper and brass prices edged up on better offtake from industrial users.
The industrial metals hovered to its lowest level at the LME, hurt by weak appetite for risk due to fears a liquidity crunch could curb economic growth in top consumer China.
Copper cable scrap, copper armiture, copper wire bar and brass utensil scrap inched-up by a rupee per kg each to Rs 483, Rs 465, Rs 511 and Rs 325 respectively.
However, copper scrap heavy softened by a rupee per kg to Rs 476.
Elsewhere, select copper and brass prices edged up on better offtake from industrial users.
The industrial metals hovered to its lowest level at the LME, hurt by weak appetite for risk due to fears a liquidity crunch could curb economic growth in top consumer China.
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Nickel shot-up by Rs 10 per kg to Rs 975 from Monday's closing level of Rs 965.
Copper cable scrap, copper armiture, copper wire bar and brass utensil scrap inched-up by a rupee per kg each to Rs 483, Rs 465, Rs 511 and Rs 325 respectively.
However, copper scrap heavy softened by a rupee per kg to Rs 476.
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