Copper and nickel prices declined up to Rs 5 per kg in the wholesale local non-ferrous metals market today on fresh selling by stockists influenced by a weakening trend at London Metal Exchange.
Sentiments turned weak after copper fell in London on concerns over demand in China, the world’s largest consumer, after manufacturing expanded at a slower pace last month. Meanwhile, copper fell 2.6 percent to USD 6,760 a metric tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were down by Rs 2 each to Rs 362, Rs 381 and Rs 345 per kg, respectively. Nickel plate 4x4 followed suit and down by Rs 5 to Rs 895-1,009 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 795, zinc ingot 127.00, nickel plate (4x4) 895-1,009, gun metal scrap 226 bell metal scrap 228, copper wire scrap 362, copper wire bar 381, copper mixed scrap 341.00, Utensil scrap 224, Chadripital 175.
Lead ingot 125, lead imported 128, aluminium ingots 102, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100.