Don’t miss the latest developments in business and finance.

Base metals strengthen as demand picks up

Image
Press Trust of India New Delhi
Last Updated : Jul 11 2016 | 2:48 PM IST
Base metals prices rose by Rs 2 per kg at the non-ferrous metal market today owing to pick up in demand from consuming industries.
Traders said increased demand from consuming industries mainly led to the rise in select base metal prices but a weak trend in select base metals overseas, limited the gains.
In the national capital, nickel plate (4x4) and copper mixed scrap rose by Rs 2 each to Rs 846-851 and Rs 372 per kg, respectively.
Zinc ingot, lead ingots and lead imported also enquired higher by a similar margin to trade at Rs 96-102, Rs 82 and Rs 88 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 96-102, Nickel plate (4x4) Rs 846-851, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 372, chadri deshi Rs 295.
Lead ingot Rs 82, lead imported Rs 88, aluminium ingots Rs 152, aluminium sheet cutting Rs 148, aluminium wire scrap Rs 148 and aluminium utensils scrap Rs 146.

Also Read

First Published: Jul 11 2016 | 2:48 PM IST

Next Story