Nickel eases on reduced offtake

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Press Trust of India New Delhi
Last Updated : Jul 17 2015 | 3:22 PM IST
Nickel prices eased by Rs 4 per kg at the non-ferrous metal market today owing to slackened demand from consuming industries amid a weak global trend.
However, other base metals moved in a tight range in scattered deals and settled around previous levels.
Traders said reduced demand from alloy-makers and a weak global trend mainly kept pressure on nickel prices.
Meanwhile, nickel for delivery in three month retreated 0.8 per cent to USD 11,540 a metric tonne on the London Metal Exchange.
In the national capital, nickel plate (4x4) fell by Rs 4 to Rs 965-970 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 116-122, Nickel plate (4x4) Rs 965-970, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 402, Chadri deshi Rs 285.
Lead ingot Rs 108, Lead imported Rs 109, Aluminium ingots Rs 156, Aluminium sheet cutting Rs 157, Aluminium wire scrap Rs 159 and Aluminium utensils scrap Rs 156.

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First Published: Jul 17 2015 | 3:22 PM IST

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