Copper prices declined by Rs 2 per kg on the local non-ferrous metal market today largely on weakening trend at London Metal Exchange (LME).
However, other base metals, held steady in thin trading.
Sentiment in copper turned bearish as copper dropped for a fourth day in London, on concerns that China is set to further tighten monetary policy dimmed the outlook for demand, while rising inventories signalled adequate supply.
Meanwhile, copper for three-month delivery fell 1.5 per cent to $9,337.75 a tonne on the LME.
Copper wire scrap, copper wire bar and copper mixed scrap were down by Rs 2 each to Rs 481, Rs 505 and Rs 466 per kg, respectively.
Following were today's quotations in Rs per kg:
Tin ingot 820, zinc ingot 133.50, nickel plate (4x4) 1,024-1,026, gun metal scrap 226 bell metal scrap 228, copper wire scrap 481, copper wire bar 505, copper mixed scrap 466, 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
Explore Business Standard