Select base metals remained firm and their prices rose by up to Rs 2 per kg in the local non-ferrous metal market today on increased buying by stockists on pick-up in industrial demand amid a firming trend at London Metal Exchange.
Trading sentiment remained firm as copper advanced in London, buoyed by increased fixed-asset investment in China, the biggest user, and slower output growth of the metal, which may signal an easing of the oversupply situation.
Meanwhile, copper for the three-month delivery gained 0.3% to $8,935 a tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap continued to rise by Rs 2 each to Rs 508, Rs 531 and Rs 492 per kg, respectively.
Zinc ingot, lead ingot and lead imported were also traded higher by rupee one each to Rs 136.50, Rs 141 and Rs 143 per kg, respectively.
Following were today's quotations per kg:
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Tin ingot 850, zinc ingot 136.50, nickel plate (4x4) 1,075-1,077, gun metal scrap 226 bell metal scrap 228, copper wire scrap 508, copper wire bar 531, copper mixed scrap 492, Utensil scrap 224, Chadripital 175
Lead ingot 141, lead imported 143, aluminium ingots 109, sheet cutting 110, aluminium wire scrap 110 and aluminium utensils scrap 107