Nickel prices shot up by Rs 30 per kg

Mumbai, July 18 (UNI) Nickel cathode prices shot up by Rs 30 per kg on increase of fresh demand, according to traders at the Bombay Metal Exchange today.

In ferrous section, copper utensils prices declined by Rs 300 per quintal on sustained heavy selling pressure.

In non-ferrous section, copper wire bars and aluminium ingots prices increased by Rs 300 and Rs 100 per quintal respectively on reduced stock supply. Nickel cathode shot up by Rs 30 per kg on increase of fresh demand.

Following were the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 37,000, Copper utensils - Rs 33,500, Brass utensils - Rs 23,000, Brass cuttings - Rs 25,900, Aluminium utensils - Rs 10,600.

Non-ferrous metals: Copper wire bars - Rs 41,300, Aluminium ingots - Rs 13,100, Zinc slab - Rs 19,000, Lead ingots - Rs 6,200, Tin slab - Rs 495 (per kg), Nickel cathode - Rs 1,350 (per kg).

UNI VD GB VKG1700