Zinc, nickel rise on global cues

Prices of zinc and nickel rose by Rs 2 per kg at the local non-ferrous metals market today on increased buying by stockists amid a firming global trend.
Traders said sentiments turned better after zinc advanced to the highest price since August 2011 in global markets as inventories continued declining amid signs of improving demand in China, the world's biggest consumer of industrial metals.
Meanwhile, zinc for delivery in three months rose one per cent to USD 2,325 a metric tonne on the London Metal Exchange.
In the national capital, zinc ingot and nickel (4x4) rose by Rs 2 each to Rs 111-117 and Rs 1,092-1,098 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot 111-117, Nickel plate (4x4) 1,092-1,098, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 438, Chadri deshi 285.
Lead ingot 113, Lead imported 111, Aluminium ingots 155, Aluminium sheet cutting 156, Aluminium wire scrap 158 and Aluminium utensils scrap 155.