Copper prices weakened by Rs 2 per kg in the local non-ferrous metal market today due to reduced industrial offtake.
Traders said besides reduced industrial offtake, weak trend in base metals at the London Metal Exchange on demand worries after Moody's downgraded Portugal's credit rating.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained weak and shed another Rs 2 each to Rs 501, Rs 524 and Rs 484 per kg, respectively.
Following were today's quotations in Rs per kg:
Tin ingot 840, zinc ingot 128.50, nickel plate (4x4) 1,045-1,047, gun metal scrap 226 bell metal scrap 228, copper wire scrap 501, copper wire bar 524, copper mixed scrap 484, 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