Nickel gains on good demand

Nickel gained further at the non- ferrous metal market here today on stockists buying amid good demand from alloy industries.

Elsewhere, lead, zinc, aluminium ingots, brass utensils scrap also went marginally up owing to good demand from consuming industries.

Meanwhile, copper utensils, copper sheet cuttings and brass sheet cuttings eased following poor offtake from industrial users.

Nickel firmed up by Rs 5 per kg to Rs 725 from Tuesday's close Rs 720.

Brass utensils scrap and aluminium ingots edged up by Rs 2 per kg each to Rs 300 and Rs 156 as compared Rs 298 and Rs 154, respectively.

Zinc and lead inched up per kg each to Rs 240 and Rs 163.

However, copper sheet cuttings moved down by Rs 5 per kg to Rs 395 from Rs 400 yesterday.

Copper utensils and brass sheet cuttings softened by Rs 2 per kg each to Rs 375 and Rs 315 as against Rs 377 and Rs 317.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)