Copper, Nickel firm up in mixed trade

Copper and Nickel prices firmed up at the non-ferrous metal market here today on good stockist buying amidst sustained demand from consumer as well as alloy industries amidst higher London Metal Exchange (LME) cues.
Meanwhile, select aluminium, brass and zinc eased on stockist selling on the back of subdued industrial buying.
The industrial metals edged up at the London Metal Exchange, trading near two-month highs after upbeat Chinese economic reports shored up confidence over demand for metals.
Nickel surged by Rs 5 per kg to Rs 1,025 from Monday's closing level of Rs 1,020.
Copper cable scrap, copper scrap heavy, copper utensil scrap and copper wire bar climbed by Rs 3 per kg each to Rs 500, Rs 492, Rs 453 and Rs 528 from Rs 497, Rs 489, Rs 450 and Rs 525, respectively.

Copper armiture moved up by Rs 2 per kg to Rs 482 from Rs 480 and copper sheet cutting inched-up by a rupee per kg to Rs 476.
However, tin dropped by Rs 5 per kg to Rs 1,465 from Rs 1,470 and Aluminium utensils scrap moved down by Rs 3 per kg to Rs 120 from Rs 123.
Brass utensil scrap, brass sheet cutting and zinc softened by a rupee per kg each to Rs 331, Rs 341 and Rs 154.