Nickel declines on global cues

Print this page Posted on : 02-12-2009 by recycleinme.com

Metal prices declined on the non-ferrous metal market on Wednesday due to heavy stockists offerings coupled with lower advices from London Metal Exchange (LME). Nickel dropped by Rs 20 a kg to Rs 670, tin by Rs 10 a kg to Rs 710 and copper sheets cutting by Rs 5 a kg to Rs 209. Copper cable scrap, copper scrap heavy, copper armature and copper wire bar declined by Rs 4 a kg each to Rs 217, Rs 215, Rs 213 and Rs 245 respectively. Brass sheets cuttings, aluminium ingots, aluminium utensils scrap and zinc also ended slightly lower by Re 1 a kg each to Rs 167, Rs 92, Rs 80 and Rs 76 respectively.

Source : Business Line