Nickel, zinc rise on global cues

Nickel and zinc prices rose by Rs 2 per kg on the local non-ferrous base metals market today on stockists buying in tandem with a firm global trend.
Traders said sentiment turned better after nickel advanced to a 14-month high in global markets on concern that escalating tensions in Ukraine may disrupt supplies from Russia amid Indonesia's ban on ore exports.
Meanwhile, nickel for delivery in three months added 2 per cent to 18,275 dollar a metric tonne, the highest level since February 2013 on the London Metal Exchange.
In the national capital, nickel (4x4) and zinc ingot rose by Rs 2 each to Rs 1,070-1,071 and Rs 117-123 per kg respectively.

The following were 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 432, chadri deshi 285.
Lead ingot 126, lead imported 124, aluminium ingots 148, Aluminium sheet cutting 149, aluminium wire scrap 151 and aluminium utensils scrap 148.