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Copper, nickel weaken on muted demand

Press Trust of India  |  New Delhi 

Prices of copper and nickel fell by up to Rs 8 per kg at the non-ferrous metal market today due to subdued demand from consuming industries.

Traders said tepid demand from consuming industries at domestic spot market mainly led to the decline in copper and nickel prices.

In the national capital, copper mixed scrap and nickel plate (4x4) fell by Rs 3 and Rs 8 to Rs 355 and Rs 780-790 per kg, respectively.

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

Zinc ingot Rs 104-110, Nickel plate (4x4) Rs 780-790, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 355, chadri deshi Rs 295.

Lead ingot Rs 102, lead imported Rs 108, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 11 2017. 14:32 IST