Copper, nickel fall on global cues

NEW DELHI: Copper and nickel fell up to Rs 5 per kg at the non-ferrous metal market today, largely on weak global trend amid subdued demand from consuming industries.

Traders said sentiments turned bearish after copper extended its biggest monthly drop since January in global markets after manufacturing data in China highlighted weak demand in the world's biggest metals consumer.

Meanwhile, copper fell 0.7 per cent to USD 5,195 a metric tonne on the London Metal Exchange.

In the national capital, copper mixed scrap and nickel plate (4x4) were down by Rs 2 and Rs 5 to Rs 388 and Rs 940-945 per kg respectively.

Following are today's metal rates (in Rs per kg):

Zinc ingot Rs 104-110, Nickel plate (4x4) Rs 940-945, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 388, Chadri deshi Rs 285.

Lead ingot Rs 100, Lead imported Rs 101, Aluminium ingots Rs 156, Aluminium sheet cutting Rs 157, Aluminium wire scrap Rs 159 and Aluminium utensils scrap Rs 156.