Nickel declines on global trend

Print this page Posted on : 05-16-2007 by recycleinme.com

Prices of nickel, copper and tin declined on the non-ferrous metal market on Tuesday on lack of industrial demand coupled with offering by stockists on the back of lower global advices. Nickel dropped by Rs.25 per kg to Rs,2,275, copper armature by Rs.7 per kg to 343, copper utensils scrap by Rs.5 per kg to Rs.315, tin by Rs.5 per kg to Rs.750. Copper cable scrap also moved down by Rs.3 per kg to Rs.360 aluminium ingots by Re.1 to Rs.140 per kg, zinc by Re.1 to Rs.200 per kg.

Source : Business Line