Copper, nickel soften on subdued demand, global cues

Image
Press Trust of India New Delhi
Last Updated : Mar 19 2018 | 2:55 PM IST

Prices of copper and nickel shed Rs 2 per kg at the non-ferrous metal market today largely on muted demand from consuming industries amid a weak global cues.

Traders said tepid demand from consuming industries at domestic spot market and a weak trend overseas on firm dollar amid concerns that tensions between the world's top two economies could dent metals demand, mainly led to decline in copper and nickel prices.

Meanwhile, copper for delivery in three-month fell 0.8 per cent to USD 6,830 per metric tonne on the London Metal Exchange.

In the national capital, copper mixed scrap and nickel plate (4x4) eased by Rs 2 each to Rs 403 and Rs 788-793 per kg, respectively.

Following are today's metal rates (in Rs per kg):

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 19 2018 | 2:55 PM IST

Next Story