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Copper,nickel dip on low demand, global cues

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Press Trust of India New Delhi
Prices of copper and nickel fell by by Rs 2 per kg at the non-ferrous metal market today owing to slackened demand from consuming industries amid a weak trend overseas.

Traders said tepid demand from consuming industries at domestic spot market and a weak trend overseas, mainly weighed on copper and nickel prices.

Globally, copper for delivery in three month fell 0.3 per cent to USD 6,999 per metric tonne on the London Metal Exchange.

In the national capital, copper mixed scrap and nickel plate (4x4) were down by Rs 2 each to Rs 402 and Rs 785-790 per kg, respectively.

Following are today's metal rates (in Rs per kg):

Zinc ingot Rs 124-130, Nickel plate (4x4) Rs 785-790, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 402, chadri deshi Rs 295.

Lead ingot Rs 121, lead imported Rs 127, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.

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First Published: Feb 28 2018 | 2:30 PM IST

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