Copper, nickel slide on sluggish demand, global cues

Press Trust of India  |  New Delhi 

Prices of and fell by up to Rs 5 per kg at the market today owing to slackened demand from consuming industries amid weak global cues.

Traders said, besides fall in demand from consuming industries at domestic spot market, a weak trend overseas weighed on the and prices.

Globally, for three-month delivery rolled down by 0.2 per cent to USD 6,840.00 per metric tonne on the London Exchange.

In the national capital, copper mixed scrap and plate (4x4) eased by Rs 2 and Rs 5 to Rs 436 and Rs 870-875 per kg, respectively.

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

Zinc ingot Rs 140-146, nickel plate (4x4) Rs 870-875, gun metal scrap Rs 227, bell metal scrap Rs 229, copper mixed scrap Rs 436, chadri deshi Rs 295.

Lead ingot Rs 141, lead imported Rs 148, aluminium ingots Rs 168, aluminium sheet cutting Rs 164, aluminium wire scrap Rs 164 and aluminium utensils scrap Rs 162.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 01 2018. 15:30 IST