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Nickel eases on low demand, global cues

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Press Trust of India New Delhi
Last Updated : Jul 23 2014 | 4:12 PM IST
Nickel prices were down by Rs 3 per kg at the local non-ferrous metals market today on slackened demand from consuming industries amidst a weak trend overseas.
Traders said apart from subdued demand from alloy-makers, a weak trend in base metals at the London Metal Exchange, kept pressure on nickel prices.
In the national capital, nickel (4x4) fell by Rs 3 to Rs 1,084-1,090 per kg.
Following are today's metal rates (in Rs per kg):
Zinc ingot 113-119, Nickel plate (4x4) 1,084-1,090, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 434, Chadri deshi 285.
Lead ingot 113, Lead imported 111, Aluminium ingots 157, Aluminium sheet cutting 158, Aluminium wire scrap 160 and Aluminium utensils scrap 157.

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First Published: Jul 23 2014 | 4:12 PM IST

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