Nickel, copper ease on global cues

Image
Press Trust of India New Delhi
Last Updated : Nov 07 2014 | 3:25 PM IST
Prices of nickel and copper moved down by Rs 2 per kg at the local non-ferrous metal market today on sluggish demand from consuming industries amid a weak global trend.
Traders said besides subdued demand from consuming industries, the anticipation that China, the world's biggest consumer of industrial metals, may report a slowdown in export growth, dampened sentiment.
Meanwhile, nickel slid 0.7 per cent to USD 15,400 a tonne on the London Metal Exchange.
In the national capital, nickel (4x4) and copper mixed scrap ended lower by Rs 2 each to Rs 1,082-1,088 and Rs 429 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot 116-122, Nickel plate (4x4) 1,082-1,088, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 429, Chadri deshi 285.
Lead ingot 104, Lead imported 105, Aluminium ingots 166, Aluminium sheet cutting 167, Aluminium wire scrap 169 and Aluminium utensils scrap 166.

More From This Section

First Published: Nov 07 2014 | 3:25 PM IST

Next Story