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BS:Nickel strengthens on global cues
 
Nickel prices rose further by Rs 5 per kg on the local non-ferrous base metals market today largely in line with firming global trend.

Strong demand from alloy-makers and other consuming industries supported the upside, traders said.

Meanwhile, nickel for delivery in three months climbed 0.7 per cent to 16,310 dollar a metric tonne, the highest intraday level since April 10 on the London Metal Exchange.

In the national capital, nickel (4x4) rose further by Rs 5 to Rs 1,060-1,061 per kg.

The following were today's metal rates per kg:

Zinc ingot 117-123, nickel plate (4x4) 1,060-1,061 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 434, chadri deshi 285.

Lead ingot 134, lead imported 132, aluminium ingots 146, Aluminium sheet cutting 147, aluminium wire scrap 149 and aluminium utensils scrap 146.
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