Nickel remains weak on tepid demand

Nickel prices drifted lower by Rs 3 per kg at the non-ferrous metal market today on muted demand from consuming industries.

Traders said subdued demand from consuming industries at domestic spot market, mainly kept nickel prices lower.

In the national capital, nickel plate (4x4) eased further by Rs 3 to Rs 745-750 per kg.

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

Zinc ingot Rs 120-126, Nickel plate (4x4) Rs 745-750, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 398, chadri deshi Rs 295.

Lead ingot Rs 121, lead imported Rs 127, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.