Copper, nickel remain weak on low demand, global cues

Prices of copper and nickel fell further by Rs 2 per kg at the non-ferrous metal market today owing to slackened demand from consuming industries amid weak trend overseas.
Traders said apart from a weak trend in base metals in global market, fall in demand from consuming industries at domestic spot market mainly kept copper and nickel prices lower.
Globally, copper for delivery in three months lost 0.5 per cent on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) declined by Rs 2 each to Rs 353 and Rs 796-801 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 100-106, Nickel plate (4x4) Rs 796-801, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 353, chadri deshi Rs 295.
Lead ingot Rs 91, lead imported Rs 97, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.