Copper, nickel remain up on increased demand, global cues

Copper and nickel prices remained higher, gaining another Rs 2 on the local non-ferrous base metals market today on increased demand from consuming industries amid a firming global trend.
Traders said besides increased demand from consuming industries, firming global trend where nickel advanced to the highest level in more than two weeks after Indonesia, the world's biggest producer of the metal from mines restricted shipments mainly boosting the sentiment.
Meanwhile, nickel for delivery in three months rose 0.4 per cent to USD 14,260 a metric tonne, the highest level since December 30, on the London Metal Exchange.
In the national capital, nickel (4x4) and copper mixed scrap advanced by Rs 2 each to Rs 1,084-1,085 and Rs 437 per kg, respectively.

The following are today's metal rates per kg:
Zinc ingot 113-119, nickel plate (4x4) 1,084-1,085 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 437,chadri deshi 285.
Lead ingot 138,lead imported 136, aluminium ingots 150, Aluminium sheet cutting 151, aluminium wire scrap 153 and aluminium utensils scrap 150.