Nickel extends losses on stockists selling

Nickel prices fell by Rs 5 per kg on the local non-ferrous base metals market today on stockists selling amid a weak global trend.
Traders said stockists selling in line with a weak global trend mainly led to the fall in nickel prices.
Meanwhile, nickel for delivery in three months lost 0.9 per cent to USD 14,354 a metric tonne on the London Metal Exchange.
In the national capital, nickel (4x4) fell by Rs Rs 1,070-1,071 per kg.
The following are today's metal rates per kg:
Zinc ingot 117-123, nickel plate (4x4) 1,070-1,071 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 437, chadri deshi 285.

Lead ingot 136,lead imported 134, aluminium ingots 150, Aluminium sheet cutting 151, aluminium wire scrap 153 and aluminium utensils scrap 150.