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Nickel and copper recovers on fresh demand

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Press Trust of India Mumbai
Last Updated : Jun 02 2015 | 4:57 PM IST
Nickle and copper prices recovered at the non-ferrous metal market here today on sustained stockists buying amid renewed demand from industrial users.
While, tin and zinc prices eased further on mild offtake from consumer industries.
In overseas markets, the industrial metal Copper prices held near USD 6,000 a tonne in early today, as bleak global factory growth data indicated a muddy outlook for metal consumption over what is typically the stronger quarter of the year for seasonal demand.
Nickle climbed by Rs 18 per kg to Rs 988 from monday's closing level of Rs 970.
Copper cable scrap, copper scrap heavy and copper wire bar inched up by a Re per kg to Rs 451, Rs 446 and Rs 471 as compared to Rs 450, Rs 445 and Rs 470 respectively.
However, tin moved down by Rs 5 per kg to Rs 1215 as against to Rs 1220 and zinc softened by a Re per kg to Rs 185 from Rs 186.

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First Published: Jun 02 2015 | 4:57 PM IST

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