• search

Copper, nickel fall further on poor demand

Written by: Staff

Mumbai, Sep 11 (UNI) Copper and nickel prices fell further on poor industrial demand along with London Metal Exchange, traders at the Bombay Metal Exchange today said.

In the ferrous segment (per quintal), Copper utensils and brass cuttings declined by Rs 500 each per quintal on sustained heavy selling pressure, while aluminium utensils rose by Rs 100 per quintal on better buying support.

In the non-ferrous category (per quintal), copper wire bars eased by Rs 200 per quintal on increased offers by stockists.

But tin slab went up by Rs three per kg on improved demand, while nickel cathode prices fell by Rs 15 per kg on thin buying support.

Following were the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 37,000, Copper utensils - Rs 32,500, Brass utensils - Rs 22,900, Brass cuttings - Rs 26,000 and Aluminium utensils - Rs 11,000.

Non-ferrous metals: Copper wire bars - Rs 41,300, Aluminium ingots - Rs 13,050, Zinc slab - Rs 19,200, Lead ingots - Rs 6,600, Tin slab - Rs 535 (per kg) and Nickel cathode - Rs 1,675 (per kg).


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more