Indian copper falls , state firm may cut rates .
BOMBAY 1996-08-30
Indian copper prices fell on Friday as dealers awaited an announcement relating to price cuts by state-owned producer , Hindustan Copper Ltd , traders said .
Nickel extended gains while other base metals were unchanged in narrow trade , they said .
Ready copper fell by 150 rupees at 12,350 rupees per quintal on fresh offerings by the stockists who expect Hindustan Copper to cut prices .
Nickel rose by 500 to 39,200 rupees on thin supply and fresh buying by stainless steel makers .
Tin was unchanged at 36,000 rupees , so did zinc at 6,300 rupees and lead at 4,900 rupees .
Aluminium was quiet at 7,450 rupees .
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