Select metals up on global cues

Select metals' prices rose up to Rs 5 per kg on the local non-ferrous metal market today on the back of a firm trend at the London Metal Exchange (LME) amid pick up in demand.

Marketmen said besides a firm trend in global markets where a weakening dollar raised appeal for commodities as an alternative investment, pick up in demand from consuming industries also influenced select base metal prices here.

Meanwhile, copper for the three-month delivery contract advanced 1.5 per cent to $8,310 and zinc gained 3.6 per cent to $2,189 a tonne at the LME.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were up by Rs 5 each to Rs 446, Rs 470 and Rs 431 per kg, respectively.

Zinc ingot, lead ingot and lead imported were also enquired higher by Rs 2 each to Rs 131.50, Rs 135 and Rs 137 per kg, respectively. 

Following were today's quotations in Rs per kg:

Tin ingot 815, zinc ingot 131.50, nickel plate (4x4) 1,000-1,002, gun metal scrap 226 bell metal scrap 228, copper wire scrap 446, copper wire bar 470, copper mixed scrap 431, Utensil scrap 224, Chadripital 175

Lead ingot 135, lead imported 137, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102