Business Standard

Nickel recovers on good demand, global cues

Image

Press Trust of India Mumbai

Elsewhere, select brass also gained on better offtake from consumer industries.

Industrial metal were trading slightly higher at the LME, following cautiousness as investors focussed on Spain's banking problems after Greek elections.

Nickel added Rs 4 per kg to Rs 1,095 from last Saturday's closing level of Rs 1,090 and Copper sheet cutting moved up by Rs 2 per kg to Rs 463 from Rs 461.

Copper armiture, copper utensils scrap, brass utensils scrap and brass sheet cutting also inched up by rupee per kg each to Rs 468, Rs 445, Rs 317 and Rs 326 respectively.

However, copper scrap heavy declined by Rs 3 per kg to Rs 475 from Rs 478 last weekend.

 

Copper cable scrap and copper wire bar softened by Re 1 each to Rs 485 and Rs 513.

  

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

First Published: Jun 19 2012 | 4:35 AM IST

Explore News