Nickel gains on good demand

Image
Press Trust of India Mumbai
Last Updated : Oct 04 2017 | 4:48 PM IST
Nickel gained further at the non- ferrous metal market here today on stockists buying amid good demand from alloy industries.
Elsewhere, lead, zinc, aluminium ingots, brass utensils scrap also went marginally up owing to good demand from consuming industries.
Meanwhile, copper utensils, copper sheet cuttings and brass sheet cuttings eased following poor offtake from industrial users.
Nickel firmed up by Rs 5 per kg to Rs 725 from Tuesday's close Rs 720.
Brass utensils scrap and aluminium ingots edged up by Rs 2 per kg each to Rs 300 and Rs 156 as compared Rs 298 and Rs 154, respectively.
Zinc and lead inched up per kg each to Rs 240 and Rs 163.
However, copper sheet cuttings moved down by Rs 5 per kg to Rs 395 from Rs 400 yesterday.
Copper utensils and brass sheet cuttings softened by Rs 2 per kg each to Rs 375 and Rs 315 as against Rs 377 and Rs 317.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 04 2017 | 4:48 PM IST

Next Story