Nickel, tin, copper prices rise on firm global advice

Mumbai, Feb 24 (UNI) Prices of nickel, tin and copper in ferrous and non ferrous metal segments witnessed an upward trend on improved industrial demand in view of firm advice from global and domestic centres, traders at the metal exchange today said.

In the ferrous category, prices of copper heavy and copper utensils looked up by Rs 100 each due to increased industrial demand along with bullish advice from overseas and upcountry markets.

In the non-ferrous segment, tin slab and nickel cathode prices also rose by Rs five and Rs two per kg respectively on heavy industrial users' demand, traders added.

Following were the spot metal prices per quintal: Ferrous metals: copper heavy-Rs 25,700, copper utensils-Rs 23,400, brass utensils-Rs 18,200, brass cuttings-Rs 19,100 and aluminium utensils-Rs 10,100.

Non-ferrous metals: copper wire bars-Rs 27,800, aluminium ingots-Rs 12,900, zinc slab-Rs 12,600, lead ingots-Rs 6,200, tin slab-Rs 390 (per kg) and nickel cathode-Rs 762 (per kg).

UNI AR MAZ AW1658