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Select base metals rise in listless trade

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Press Trust of India Mumbai
Nickel and aluminium ingots rose in an otherwise listless non-ferrous metal market here today on stockist buying amid good demand from industrial users on the back of flat London Metal Exchange (LME) cues.

Copper utensils scrap moved down owing to lower offtake from consumer industries.

The industrial metals trading little changed at the LME as traders were biding time ahead of factory data in top user China.

Nickel spurted by Rs 5 per kg to Rs 1,005 from Tuesday's closing level of Rs 1,000 and aluminium ingots inched up by Re 1 per kg to Rs 148.

However, copper utensils scrap declined by Rs 3 per kg to Rs 475 as against Rs 478 previously.

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First Published: Feb 20 2014 | 4:28 PM IST

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