Nickel strengthens on persistent demand

Image
Press Trust of India Mumbai
Last Updated : Jul 14 2016 | 4:43 PM IST
Nickel prices strengthened at the non-ferrous metal market here today following buying by stockists amid persistent demand from alloy industries.
While, copper and brass utensils scrap slipped due to subdued offtake from industrial users.
Nickel climbed by Rs 5 per kg to Rs 800 from Wednesday's closing level of Rs 795.
Zinc inched-up by a Re per kg to Rs 184.
However, copper cables scrap, copper armature, copper utensils scrap, copper wire bar, copper sheet cutting and brass utensils scrap all softened by a Re per kg each to Rs 379, Rs 361, Rs 338, Rs 407, Rs 355 and Rs 270, respectively.
*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: Jul 14 2016 | 4:43 PM IST

Next Story