Nickel and aluminium prices strengthened on the non-ferrous metal market here today on fresh buying by consuming industries amid restricted supply.
Marketmen said reduced arrivals against better offtake largely pushed up nickel and aluminium price. Meanwhile, rest of other base metal maintained last closing levels on low trade. Nickel plate (4x4) (9x9) and (4x24) moved up by Rs.5 each to settle at Rs. 1410-1485, Rs.1420-1490 and Rs.1430-1495 a kilo respectively on increased buying interest.
Aluminium ingot and aluminium sheet cutting gained by Rs 2 each to settle at Rs 132 and Rs 127 a kilo respectively. Aluminium wire scrap and aluminium utensils scrap also rose by Rs 2 each at Rs 122 and Rs 117 a kilo respectively. Tin ingot were also quoted higher by rupee one to close at Rs 837 a kilo due to better offtake.
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