Prices of nickel and copper moved up by Rs 2 per kg at the local non-ferrous metal market today on pick up in demand from consuming industries amid a firming global trend.
Traders said sentiment remained firm as nickel advanced in global markets after Indonesia reaffirmed its ore export ban and as data shows the global surplus has narrowed from last year.
Meanwhile, nickel for delivery in three months rose 0.3 per cent to USD 16,400 a metric tonne in the London Metal Exchange.
In the national capital, nickel (4x4) advanced by Rs 2 to Rs 1,092-1,098 per kg. Copper mixed scrap also enquired higher by the same margin to Rs 429 per kg.
Following are today's metal rates (in Rs per kg):
Zinc ingot 116-122, Nickel plate (4x4) 1,092-1,098, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 429, Chadri deshi 285.
Lead ingot 104, Lead imported 105, Aluminium ingots 164, Aluminium sheet cutting 165, Aluminium wire scrap 167 and Aluminium utensils scrap 164.
