Nickel, copper down on weak global cues
Wholesale prices of nickel and copper drifted by Rs 5 per kg in the national capital today on stockists selling, triggered by weak global markets.
By PTI |
NEW DELHI: Wholesale prices of nickel and copper drifted by Rs 5 per kg in the national capital today on stockists selling, triggered by weak global markets.
Fall in demand from steel-makers and other consuming industries too influenced the prices.
Nickel plate remained weak and fell by another Rs 5 at Rs 1,110-1,220 per kg.
Copper super-D rod were down by Rs 5 at Rs 380 per kg on sluggish demand.
Tin ingot and lead also declined by Rs 5 each at Rs 1,160 and Rs 112 per kg respectively.
Fall in demand from steel-makers and other consuming industries too influenced the prices.
Nickel plate remained weak and fell by another Rs 5 at Rs 1,110-1,220 per kg.
Copper super-D rod were down by Rs 5 at Rs 380 per kg on sluggish demand.
Tin ingot and lead also declined by Rs 5 each at Rs 1,160 and Rs 112 per kg respectively.
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Traders said fall in demand from consuming, particularly steel makers, pulled nickel prices down. Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
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