Nickel, copper wire

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Mumbai, Dec 27 (UNI) Prices of nickel cathode, copper wire bars and brass cuttings in ferrous and non-ferrous metal segments today maintained an upward trend on brisk industrial users' demand, along with bullish advices from domestic centres like Kolkata and Delhi, traders at Bombay Metal Exchange (BME) said.

In ferrous metal segment (per quintal), brass cuttings and copper utensils rosed by Rs 400 and Rs 100 per quintal respectively on sustained heavy industrial buying support by local dealers.

In non ferrous metal group (per quintal) copper wire bars, zinc slab and lead ingots hiked by Rs 100 each while nickel cathode prices also advanced by Rs ten per kg on renewal better buying support in the face of lesser ready stocks.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 33,400, copper utensils - Rs 317,00, brass utensils - Rs 247,00, brass cuttings - Rs 25,400 and aluminium utensils - Rs 10,400 per kg.

Non-ferrous metals: Copper wire bars - Rs 36,700, aluminium ingots - Rs 12,000, zinc slab - Rs 12,800, lead ingots Rs 12,100, tin slab - Rs 795 and nickel cathode - Rs 1,395 per kg.


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