Nickel prices fell further by Rs 5 per kg at the non-ferrous metal market today in tandem with a weakening global trend.
Traders said sentiments in nickel remained bearish after the metal extended its rout to a six-year low as steps by the Shanghai Futures Exchange to ease delivery constraints added to speculation that supplies will be enough to meet demand from the world's biggest user.
Meanwhile, nickel for delivery in three months fell to USD 10,795 a tonne, the lowest intra-day level since April 2009 on the London Metal Exchange.
In the national capital, nickel plate (4x4) remained under selling and shed another Rs 5 to Rs 1,000-1,005 per kg.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 117-123, Nickel plate (4x4) Rs 1,000-1,005, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 406, Chadri deshi Rs 285.
Lead ingot Rs 111, Lead imported Rs 112, Aluminium ingots Rs 158, Aluminium sheet cutting Rs 159, Aluminium wire scrap Rs 161 and Aluminium utensils scrap Rs 158.
