Nickel, copper move down on global cues

Prices of nickel and copper were down by up to Rs 5 per kg at the non-ferrous metal market today, tracking a weak trend overseas amid sluggish demand from consuming industries at domestic spot market.
Traders said apart from a weak trend overseas, subdued demand from consuming industries at domestic spot market mainly led to the decline in nickel and copper prices.
Meanwhile, nickel for delivery in three months lost 4.3 per cent to USD 9,755 per tonne on the London Metal Exchange.
In the national capital, nickel plate (4x4) and copper mixed scrap fell by Rs 5 and Rs 4 to Rs 852-857 and Rs 370 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 94-100, Nickel plate (4x4) Rs 852-857, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 370, chadri deshi Rs 295.
Lead ingot Rs 80, lead imported Rs 86, aluminium ingots Rs 152, aluminium sheet cutting Rs 148, aluminium wire scrap Rs 148 and aluminium utensils scrap Rs 146.