Nickel recovered marginally at the non-ferrous metal market here today on renewed stockists offtake amid mild demand from alloy industries.
Meanwhile, select copper, brass, zinc and lead edged down on subdued demand from industrial users.
The industrial metal nickel nickel steadied at the LME in early trade finding their feet after a six percent fall partly eroded this year's stellar rally, while copper prices eyed their biggest weekly gain in nearly two months on improving demand.
Nickel moved up by Rs 3 per kg to Rs 1,250 from Thursday's close of Rs 1,247 and aluminium ingots inched up by Re 1 per kg to Rs 152.
However, copper sheet cutting declined by Rs 3 per kg to Rs 474 as against Rs 477 previously while, copper utensils scrap eased by Rs 2 per kg to Rs 460 from Rs 462.
Copper scrap heavy, brass utensils scrap, brass sheet cutting, zinc and lead all softened by a Re per kg to Rs 489, Rs 347, Rs 358, Rs 172 and Rs 148, respectively.
