Copper, nickel fall on poor demand

Mumbai, Sep 9 (UNI) Copper and nickel prices fell on poor industrial demand, traders at the Bombay Metal Exchange today said.

In the ferrous segment (per quintal), Copper heavy declined by Rs 500 per quintal on sustained heavy selling pressure.

In the non-ferrous category (per quintal), copper wire bars eased by Rs 100 per quintal on increased offers by stockists.

But tin slab and nickel cathode prices drifted lower by Rs three and Rs 25 per kg on thin buying support.

Following were the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 37,000, Copper utensils - Rs 33,000, Brass utensils - Rs 22,900, Brass cuttings - Rs 26,500 and Aluminium utensils - Rs 10,900.

Non-ferrous metals: Copper wire bars - Rs 41,500, Aluminium ingots - Rs 13,050, Zinc slab - Rs 19,200, Lead ingots - Rs 6,600, Tin slab - Rs 532 (per kg) and Nickel cathode - Rs 1,690 (per kg).

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