Copper, nickel remain weak on reduced industrial demand

Amid a weakening trend overseas and sluggish local demand, copper and nickel prices fell further by Rs 5 per kg in the local non-ferrous metal market today.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained under selling pressure and lost Rs 5 each to Rs 510, Rs 533 and Rs 493, respectively.

Nickel (4x4) followed suit and traded lower by the same margin to Rs 1,058-1,060 per kg.

Following were today's quotations in Rs per kg:

Tin ingot 835, zinc ingot 128.50, nickel plate (4x4) 1,058-1,060, gun metal scrap 226 bell metal scrap 228, copper wire scrap 510, copper wire bar 533, copper mixed scrap 493, Utensil scrap 224, Chadripital 175

 

Lead ingot 140, lead imported 143, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107