Copper prices inched up by Rs 2 per kg in the local non-ferrous metal market today on sustained buying by stockists, influenced by a firming trend at the London Metal Exchange.
Trading sentiment in copper remained firm, as copper traded near to its highest-level in four weeks in London, as decline in inventories improved demand prospects of the industrial metal.
Meanwhile, copper for three-month delivery rose one per cent to $6,840.25 a metric tonne on the London Metal Exchange.
Traders said apart from firming trend at the London Metal Exchange, sustained buying by stockists on pick up in demand from the consuming industries mainly led to a rise in copper prices.
Copper wire scrap, copper wire bar and copper mixed scrap were in demand and added another Rs 2 each to Rs 360, Rs 379 and Rs 338 per kg, respectively.
Following were today's quotations in Rs per kg:
More From This Section
Tin ingot 795, zinc ingot 122.00, nickel plate (4x4) 874-988, gun metal scrap 226, bell metal scrap 228, copper wire scrap 360, copper wire bar 379, copper mixed scrap 338, Utensil scrap 224, Chadripital 175
Lead ingot 119, lead imported 122, aluminium ingots 102, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100