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Nickel rebounds on fresh demand

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Press Trust of India Mumbai
Nickel prices rebounded at the non-ferrous metal market here today on stockists buying amidst fresh demand from alloy industries.

Elsewhere, select copper and brass prices edged up on mild offtake from consumer industries.

At the global market, London zinc was trading steady in early trade from six-month lows, with a reading on China's industrial health later expected to underline decelerating demand for metals.

Nickel shot-up by Rs 10 per kg to Rs 1,135 from Thursday's closing level of Rs 1,125.

Copper scrap heavy, copper armiture, copper utensils scrap and brass sheet cutting edged-up by a Re per kg each to Rs 465, Rs 451, Rs 428 and Rs 337, respectively.
 

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First Published: Dec 12 2014 | 4:51 PM IST

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