Nickel and copper prices regained in an otherwise lacklustre non-ferrous metal market today on good stockist demand as well as industrial offtake, despite bearish global cues.
The industrial metal moved down at the LME on demand concerns following Moody's downgrading of Portugal's credit rating.
Nickel prices rose by Rs 10 per kg to Rs 1,210 from overnight closing level of Rs 1,200.
Copper cable scrap and copper wire bar both gained Rs 3 per kg each to Rs 470 and Rs 498 from yesterday's closing level of Rs 467 and Rs 495.
Copper scrap heavy and copper utensils scrap looked up by a rupee per kg each to Rs 459 and Rs 425, respectively.
