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Nickel falls on lower demand, global cues

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Press Trust of India Mumbai

Meanwhile, select copper and brass prices gained due to fresh offtake from alloy and consumer industries.

The industrial metals was trading slightly higher at the LME in the early trade, on optimism that top metal consumer China is on the road to recovery, but concern over US economic and fiscal issues kept prices in check.

Nickel declined by Rs 10 per kg to Rs 1,090 from Monday's closing level of Rs 1,100.

However, copper utensils scrap climbed by Rs 3 per kg to Rs 446 from Rs 443 and Brass utensils scrap inched up by Re 1 per kg to Rs 321.

 

  

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First Published: Dec 04 2012 | 4:55 PM IST

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