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Copper, nickel go up on stockists' buying, global cues

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Press Trust of India New Delhi

Prices of copper and nickel rose by up to Rs 3 per kg at the non-ferrous metals market today on emergence of stockists' buying following uptick in demand from consuming industries.

Traders said stockists buying following pick up in demand from consuming industries at domestic spot market and firm global cues mainly led to a rise in copper and nickel prices.

Globally, copper for delivery in three-months gained 0.8 per cent to USD 6,115.00 per metric tonne on the London Metal Exchange.

In the national capital, copper mixed scrap and nickel plate (4x4) moved up by Rs 2 and Rs 3 to Rs 430 and Rs 897-900 per kg, respectively.

 

Following are today's metal rates (in Rs per kg):

Zinc ingot Rs 135-141, nickel plate (4x4) Rs 897-900, gun metal scrap Rs 227, bell metal scrap Rs 229, copper mixed scrap Rs 430, chadri deshi Rs 295.

Lead ingot Rs 140, lead imported Rs 147, aluminium ingots Rs 168, aluminium sheet cutting Rs 164, aluminium wire scrap Rs 164 and aluminium utensils scrap Rs 162.

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First Published: Jul 20 2018 | 2:10 PM IST

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