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Nickel weakens on low demand

Press Trust of India  |  New Delhi 

Nickel prices softened by Rs 5 per kg at the non-ferrous metal market today on easing demand from consuming industries.

Traders said muted demand from consuming industries, particularly from alloy-makers at domestic spot market,mainly weighed on nickel prices.

In the national capital, nickel plate (4x4) declined by Rs 5 to Rs 770-780 per kg.

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

Zinc ingot Rs 116-122, Nickel plate (4x4) Rs 770-780, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 382, 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.

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

First Published: Tue, November 14 2017. 14:22 IST