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Nickel strengthens on rising demand

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Press Trust of India New Delhi
Nickel prices were higher by Rs 3 per kg at the non-ferrous metal market today due to increased demand from consuming industries at domestic market.

Traders said increased demand from alloy-makers at domestic spot market mainly kept nickel prices higher.

In the national capital, nickel plate (4x4) advanced by Rs 3 to Rs 815-820 per kg.

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

Zinc ingot Rs 110-116, Nickel plate (4x4) Rs 815-820, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 359, chadri deshi Rs 295.

Lead ingot Rs 91, lead imported Rs 97, 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

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First Published: Dec 16 2016 | 2:48 PM IST

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