Copper, nickel recover on mild industrial demand
Prices of copper and nickel recovered by Rs 2 per kg at the non-ferrous metals market Friday due to improved demand from consuming industries.
Traders said besides pick-up in demand from consuming industries at domestic spot markets, a better trend overseas mainly led to rise in copper and nickel prices.
Meanwhile, copper for delivery in three-month was up 0.20 per cent to USD 6,199 per tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) rebounded by Rs 2 each to Rs 445 and Rs 942-944 per kg respectively.
Following are today's metal rates (in Rs per kg): Zinc ingot Rs 145-151, nickel plate (4x4) Rs 942-944, gun metal scrap Rs 227, bell metal scrap Rs 229, copper mixed scrap Rs 445, chadri deshi Rs 295.
Lead ingot Rs 148, lead imported Rs 155, aluminium ingots Rs 170, aluminium sheet cutting Rs 166, aluminium wire scrap Rs 166 and aluminium utensils scrap Rs 164.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.