Big gains in nickel, tin

MARKET REVIEW/ DOMESTIC: NON-FERROUS METALS

Non-ferrous metals followed the pattern of the LME prices and rose further in the domestic market. Nickel and tin especially soared in the week's trade.

Nickel cathodes closed at Rs 660 per kilogram, up by Rs 18 from last Monday's close of Rs 642. The price hit a mid-week high of Rs 665 on Wednesday after which it fell to Rs 660 on Thursday, and remained steady.

Copper wire bars closed at Rs 182.5 from last weeks Rs 180. Copper heavy scraps closed at Rs 154 higher by Rs 1 from last week. Copper utensil scraps ended trade at Rs 135 from Rs 134 last last week. The price hit Rs 136 on Wednesday.

Brass utensil scraps closed at Rs 107.25, a minor hike from from last week's Rs 106. Brass sheet cutting closed at Rs 113, up by Rs 2 from last week.

Aluminium utensil scraps closed at Rs 79 minorly up from Rs 78 last week. Lead ingots closed at Rs 54 from Rs 52 last Monday.

The price of aluminium ingots was Rs 99, up by a rupee from last week. Zinc slabs remained steady at Rs 75 all week except for Thursday when it touched Rs 74. Tin slabs closed at Rs 528, up from Rs 518 last week.