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Copper, nickel slide on sluggish demand, global cues

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Press Trust of India New Delhi

Prices of copper and nickel fell by up to Rs 5 per kg at the non-ferrous metal market today owing to slackened demand from consuming industries amid weak global cues.

Traders said, besides fall in demand from consuming industries at domestic spot market, a weak trend overseas weighed on the copper and nickel prices.

Globally, copper for three-month delivery rolled down by 0.2 per cent to USD 6,840.00 per metric tonne on the London Metal Exchange.

In the national capital, copper mixed scrap and nickel plate (4x4) eased by Rs 2 and Rs 5 to Rs 436 and Rs 870-875 per kg, respectively.

 

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

Zinc ingot Rs 140-146, nickel plate (4x4) Rs 870-875, gun metal scrap Rs 227, bell metal scrap Rs 229, copper mixed scrap Rs 436, chadri deshi Rs 295.

Lead ingot Rs 141, lead imported Rs 148, 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: Jun 01 2018 | 3:30 PM IST

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