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Base metals strengthen on global cues, spot demand

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Press Trust of India New Delhi
Last Updated : Dec 08 2016 | 2:48 PM IST
Tracking a firm trend overseas, base metal prices recovered by Rs 2 per kg at the non-ferrous metal market today.
Traders said apart from a firm trend overseas, uptick in demand from consuming industries at domestic spot market mainly helped rise in base metal prices.
Globally, nickel for three-month delivery rose 0.4 per cent to USD 11,450 per tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) rose by Rs 2 each to Rs 358 and Rs 807-812 per kg respectively.
Zinc ingot, lead ingot and lead imported also enquired higher by a similar margin to Rs 110-116, Rs 91 and Rs 97 per kg respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 110-116, Nickel plate (4x4) Rs 807-812, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 358, chadri deshi Rs 295.
Lead ingot Rs 91, lead imported Rs 97, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.

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First Published: Dec 08 2016 | 2:48 PM IST

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