Nickel, tin prices ease on bearish advices from LME

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Mumbai, Sep 6 (UNI) Prices of nickel cathode and tin slab in non-ferrous metals category eased by Rs 10 per kg each today on sustained heavy offers by stockists following bearish advices from global and domestic markets like London Metal Exchange (LME), Delhi, Indore and Kolkata, traders at the Bombay Metal Exchange (BME) said.

Nickel cathode was quoted lower at Rs 1,030 per kg and tin slab at Rs 1,100 per kg on poor demand from industrial users induced by discouraging advices from LME along with Kolkata, Delhi, Indore and other centres.

Similarly, zinc slab also dropped by Rs 200 at Rs 10,000 per quintal. But copper wire bars and aluminium eased by Rs 400 and Rs 100 per quintal respectively on poor demand from industrial users in the face of better ready stocks at the terminal centres, traders added.

Following were the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 36,000, copper utensils - Rs 33,400, brass utensils - Rs 25,000, brass cuttings - Rs 26,200 and aluminium utensils - Rs 11,000.

Non-ferrous metals: copper wire bars - Rs 39,300, aluminium ingots- Rs 13,800, zinc slab - Rs 10,200, lead ingots - Rs 10,500, tin slab - Rs 1,100 per kg and nickel cathode - Rs 1,035 per kg.

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