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Nickel extend gains on strong demand

Press Trust of India  |  New Delhi 

Extending gains for the third straight day, nickel prices advanced by Rs 3 per kg at the non-ferrous metal market today on increased demand from consuming industries at domestic spot market.

Traders said rising demand from consuming industries particularly from alloy-makers at domestic spot market mainly kept nickel prices higher.

In the national capital, nickel plate (4x4) moved up by Rs 3 to Rs 785-795 per kg.

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

Zinc ingot Rs 100-106, Nickel plate (4x4) Rs 785-795, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 339, chadri deshi Rs 295.

Lead ingot Rs 92, lead imported Rs 98, 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: Thu, June 15 2017. 15:28 IST