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| Copper, nickel rise on fresh buying, global cues |
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| Code:MFN002801 Prpduct:Nickel Date: 2010-07-29 |
Copper and nickel prices rose by Rs 5 per kg in the local non-ferrous metal market today on emergence of buying, driven by a firming trend at the London Metal Exchange.
Trading sentiment turned better after copper climbed in London as China's pledge to maintain policy stability improved investors' risk appetite for raw material investment.
Meanwhile, copper for three-month delivery jumped by 1.1 per cent to $7,133.25 and nickel by 0.8 per cent to $20,705 a metric tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were up by Rs 2 each to 368, Rs 387 and Rs 346, while nickel (4x4) gained Rs 5 to Rs 882-996 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 795, zinc ingot 118.50, nickel plate (4x4) 882 -996, gun metal scrap 226, bell metal scrap 228, copper wire scrap 368, copper wire bar 387, copper mixed scrap 346, Utensil scrap 224, Chadripital 175
Lead ingot 115.50, lead imported 118.50, aluminium ingots 100, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100 |
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| 06 Sep 2010 | | | Cash Ask | 3M Ask |
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| Copper | 7660.50 | 7675.00 |
| Aluminium | 2148.50 | 2179.00 |
| Zinc | 2146.00 | 2176.00 |
| Lead | 2160.00 | 2175.50 |
| Nickel | 21910.00 | 22000.00 |
| Tin | 21375.00 | 21400.00 |
| Al.Alloy | 2281.00 | 2170.00 |
| NASAAC | 2090.00 | 2120.00 |
| Steel Billet | 508.00 | 520.00 |
| Cobalt | 39501.00 | 41000.00 |
| Molybdenum | 35500.00 | 36000.00 |
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2010-09-06 |
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| PRODUCT |
BID
(US$/TON) |
ASK
(US$/TON) |
2B Coil-OCT |
3,300 |
3,380 |
No.1 Coil-OCT |
3,120 |
3,200 |
2B Coil-DEC |
3,300 |
3,380 |
No.1 Coil-DEC |
3,120 |
3,200 |
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MetalFirst China Average:
US$16.025/lb
As of Sept. 3, 2010
(updated weekly)
MetalFirst Average:
US$16.10/lb
As of Aug. 31, 2010
(updated twice weekly)
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