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Copper maintain an upward trend on global cues

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 2:53 AM IST

Copper maintained its rising streak for the fourth straight day today by gaining another Rs 2 per kg on the local non-ferrous metal market today largely on firming trend at London Metal Exchange (LME).

Sentiment in copper remained firm as copper rose in London before the monthly payrolls and unemployment report for the US, the second-biggest buyer of the metal.

Meanwhile,copper rose 0.3 per cent to $9,958 a tonne on the LME.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were remained in demand and added another Rs 2 each to Rs 508, Rs 531 and Rs 492 per kg, respectively.

Following were today's quotations in Rs per kg: 

Tin ingot 840, zinc ingot 133.50, nickel plate (4x4) 1,052-1,054, gun metal scrap 226 bell metal scrap 228, copper wire scrap 508, copper wire bar 531, copper mixed scrap 492, Utensil scrap 224, Chadripital 175

Lead ingot 138, lead imported 140, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102

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First Published: Feb 04 2011 | 4:22 PM IST

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