Nickel falls on subdued demand

Nickel prices fell in an otherwise mute non-ferrous metal market here today on stockist selling amidst subdued demand from alloy industries.
Elsewhere, aluminium ingots also eased on reduced offtake from consumer industries.
Meanwhile, select copper and brass edged up on slight demand from industrial users.
The industrial metals eased at the LME, with some investors shunning risk as a shutdown of US government seemed increasingly likely, although the metal was on track for its biggest quarterly gain since March 2012 due to steadying global growth.
Nickel declined by Rs 10 per kg to Rs 1,015 from last Saturday's closing level of Rs 1,025.

Aluminium ingots moved down by Rs 2 per kg to s 148 from Rs 150.
However, Brass utensils scrap went up by Rs 2 per kg to Rs 348 as against Rs 346 previously.
Copper scrap heavy, copper armature, copper utensils scrap inched-up by Re 1 per kg each to Rs 503, Rs 493 and Rs 465 respectively.