Buoyed by a firming trend at the London Metal Exchange, select base metals regained strength to traded higher by up to Rs 4 per kg in the local non-ferrous metal market today.
Besides, pick-up in demand from consuming industries also influenced base metals prices. Traders said firming trend in copper and other base metals at the London Metal Exchange, helped select base metal prices to recover at the spot market here.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap recovered by Rs 3 each to Rs 504, Rs 527 and Rs 487 per kg, respectively.
Nickel plate 4x4 prices rose by Rs 4 to Rs 1,049-1,051 per kg, while zinc ingot gained Re one to Rs 129.50 per kg.
Meanwhile, copper and nickel moved up by 0.50% each to $9,565.50 and $23,485 per tonne, respectively, at the London Metal Exchange.
Following were today's quotations in Rs per kg:
More From This Section
Tin ingot 840, zinc ingot 129.50, nickel plate (4x4) 1,049-1,051, gun metal scrap 226 bell metal scrap 228, copper wire scrap 504, copper wire bar 527, copper mixed scrap 487, 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