Nickel, copper utensils gain on rising demand

Nickel and copper utensils gained further at the non-ferrous metals market here today on stockists buying and rising demand from alloy industries.

Copper recovered marginally owing to renewed demand from industrial users.

While, tin, lead and brass utensils scrap declined due to sluggish demand from alloy industries.

Nickel rose by Rs 10 per kg to Rs 995 from last Saturday's closing level of Rs 985.

Copper cable scrap, copper scrap heavy, copper utensils and copper billets moved up by Rs 3 per kg each to Rs 454, Rs 449, Rs 421 and Rs 482 as against Rs 451, Rs 446, Rs 418 and Rs 479, respectively.

Copper armature and copper sheet cuttings edged up by Rs 2 per kg each to Rs 445 and Rs 442 as compared to Rs 443 and Rs 440, previously, respectively.

However, tin slipped by Rs 5 per kg to Rs 1,375 as against previous closing level of Rs 1,380.

Brass utensils scrap, aluminium ingots and lead softened by Rs 2 per kg each to Rs 338, Rs 160 and Rs 158 from Rs 340, Rs 162 and Rs 160, respectively.