Nickel declines on weak LME

Print this page Posted on : 07-25-2009 by recycleinme.com

Prices of nickel reacted downwards in a narrowly mixed non-ferrous metal market on Friday in the absence of demand from industrial users coupled with lower advices from London Metal Exchange (LME). Copper utensils and copper sheets cutting moved up on mild industrial support. Nickel fell by Rs 5 a kg to Rs 835. Copper utensils scrap and copper sheets cutting, however, looked up by Re 1 a kg each to Rs 260 and Rs 271 respectively.

Source : Business Line