Base metal prices rose up to Rs 5 per kg in the local non-ferrous metal market today on fresh buying by stockists influenced by a firming trend in overseas markets.
Traders said fresh buying by stockists supported by a firming trend in overseas market mainly led to the rise in base metal prices.
Meanwhile, copper for three-month delivery rose by 0.4% to $9,045 a tonne at the LME.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were up by Rs 2 each to Rs 504, Rs 527 and Rs 488 per kg, respectively. Nickel (4x4) followed suit and gained Rs 5 to Rs 1,058-1,060 per kg.
Zinc ingot, lead ingot and lead imported were also enquired higher by Rs 2 each to Rs 131.50, Rs 141 and Rs 144 per kg, respectively.
Following were today's quotations Rs per kg:
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Tin ingot 841, zinc ingot 131.50, nickel plate (4x4) 1,058-1,060, gun metal scrap 226 bell metal scrap 228, copper wire scrap 504, copper wire bar 527, copper mixed scrap 487, Utensil scrap 224, Chadripital 175
Lead ingot 141, lead imported 144, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107