ET:Copper up on global cues, nickel weakens on sluggish demand
NEW DELHI: Copper traded Rs 5 per kg higher on the non-ferrous metal market today largely in tandem with a firming trend at the London Metal Exchange.
However, nickel weakened due to fall in demand from alloy-makers.
Traders said strength in copper and other base metals at the LME on the back of positive US data mainly influenced metal prices here.
Meanwhile, copper for delivery in three months climbed as much as 0.4 per cent to USD 07,865 a metric tonne at the LME.
In the national capital, copper mixed scrap traded Rs 5 higher at Rs 413 per kg but nickel plate 4x4 fell by Rs 3 to 1,045-1,048 per kg.
The following are metal rates per kg: Zinc ingot 113-117, nickel plate (4x4) 1,045-1,048, gun metal scrap 227, bell metal scrap 229, copper mixed scrap 413, chadri deshi 285.
Lead ingot 141, lead imported 139, aluminium ingots 128, sheet cutting 129, aluminium wire scrap 133 and aluminium utensils scrap 128.
