The Hindu Business Line : Nickel recovers on higher global advices

NEW DELHI: Nickel and copper prices recovered in the wholesale non-ferrous metal market on Friday on revival of buying by stockists triggered by overnight upsurge in its prices at London Metal Exchange and closed with fresh gains.

Traders said today's rally in select base metal prices was mostly attributed to overnight gains at London Metal Exchange (LME) and industrial offtake.

Nickel plate 4x4, 9x9 and 4x24 strengthened to Rs.10 each at Rs.1915-2015, Rs.1925 and Rs.1925-1950 per kilo respectively.

Copper wire scrap, copper super d rod and copper wire bar all gaining from Rs.325, Rs.378 and Rs.347 to winding up at Rs.327, Rs.380 and Rs.349 a kilo respectively.

Copper mixed scrap and c c rod too remained in good demand on fresh buying by stockist and settled higher at Rs.305 and Rs.337 from Rs.303 and Rs.335 a kilo respectively.

Following were today's quotations per kilo in rupees:

Tin ingot 537, solder (40 per cent) 165, Nickel plate (4x4) 1915-2015, Nickel (9x9) 1925 Nickel (4x24) 1925-1950, zinc slab 189.00, dross 124, cadmium plate 176, Rod 153-156, antimony (china) 260, gun metal scrap 155, Bell metal scrap 150, copper wire sc rap 327, copper super d rod 380, copper wire bar 349, copper mixed scrap 305, C.C rod 337, Utensil scrap 90, Mixed scrap 325, Chadripital 145, brass sheet cutting 105.50, bullet scrap 97, bharat scrap 208, accessories scrap 209, brass boring 77-78, brass radiator scrap 82 and huny scrap 97.50.

Lead ingot deshi soft 60, hard 65.00, Lead imported 75-80, ingot 105, Aluminium rod 143, sheet cutting 130, aluminium wire scrap 127 and Aluminium utensils scrap 120. - PTI

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