Business Standard

Copper, nickel turn weak on muted demand

Image

Press Trust of India New Delhi
Prices of copper and nickel declined by up to Rs 5 per kg at the non-ferrous metal market today on easing demand from consuming industries.

Traders attributed the slide in copper and nickel prices to a fall in demand from consuming industries at domestic spot market.

In the national capital, copper mixed scrap and nickel plate (4x4) drifted lower by Rs 5 and Rs 3 to Rs 770-780 and Rs 382 per kg, respectively.

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

Zinc ingot Rs 116-122, Nickel plate (4x4) Rs 770-780, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 382, chadri deshi Rs 295.
 

Lead ingot Rs 123, lead imported Rs 129, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 08 2017 | 2:22 PM IST

Explore News