Nickel falls on reduced offtake

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Press Trust of India New Delhi
Last Updated : Jan 20 2014 | 2:57 PM IST
Nickel prices fell by Rs 5 per kg at the local non-ferrous base metals market today due to reduced offtake from consuming industries amid a weak global trend.
Traders said reduced offtake from consuming industries and a weak global trend in its prices in global markets mainly kept pressure on nickel prices.
Meanwhile, nickel lost 1.4 per cent to USD 14,494 a tonne at the London Metal Exchange.
In the national capital, nickel (4x4) fell by Rs 5 to Rs 1,075-1,076 per kg.
The following are today's metal rates per kg:
Zinc ingot 115-121, nickel plate (4x4) 1,075-1,076 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.
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First Published: Jan 20 2014 | 2:57 PM IST

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