Nickel, tin, copper dip on weak advice from Kolkata, Delhi

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Mumbai, Jan 1 (UNI) Prices of nickel cathode, tin slab and copper heavy today drifted lower by Rs 15 per kg, Rs 8 per kg and Rs 100 per quintal respectively on lack of demand from industrial users along with discouraging advice from domestic centres like Kolkata and Delhi, traders at the Bombay Metal Exchange (BME) said.

However, prices of other metals like tin slab and zinc remained unchanged on scattered demand by local big dealers.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 33,000, copper utensils - Rs 31,200, brass utensils - Rs 24,700, brass cuttings - Rs 25,400 and aluminium utensils - Rs 10,400 per kg.

Non-ferrous metals: Copper wire bars - Rs 36,600, aluminium ingots - Rs 12,000, zinc slab - Rs 12,600, lead ingots Rs 12,000, tin slab - Rs 790 and nickel cathode - Rs 1,365 per kg.


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