Nickel declines on global cues

Print this page Posted on : 03-26-2009 by recycleinme.com

Prices of copper, nickel, tin, zinc, lead and aluminium moved down further on the non-ferrous metal market on lack of demand from industrial users coupled with lower global advices. Copper utensils scrap declined by Rs 4 a kg to Rs 221. Copper scrap heavy, copper armature and copper sheets cutting fell by Rs 3 a kg each to Rs 238, Rs 236 and Rs 233 respectively. Copper cable scrap, copper wire bar, zinc, tin and nickel moved down by Rs 2 a kg each to Rs 241, Rs 269, Rs 88, Rs 678 and Rs 645 respectively. Aluminium utensils scrap and lead also ended slightly lower by Re 1 a kg to Rs 79 and Rs 89 respectively.

Source : Business Line