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Copper, lead slide on global cues

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Press Trust of India New Delhi
Last Updated : Aug 17 2015 | 3:22 PM IST
Prices of copper and lead fell Rs 2 per kg at the non-ferrous metal market today, tracking a weak global trend.
Traders said sentiment turned bearish after copper fell in global markets, amid continued concerns about China's economy and before US data this week that may give more clues on the timing of a Federal Reserve rate rise.
Meanwhile, copper fell 0.5 per cent to USD 5,141.50 a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap shed Rs 2 to Rs 370 per kg. Lead ingot and lead imported also declined by a similar margin to Rs 96 and Rs 97 per kg respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 100-106, Nickel plate (4x4) Rs 925-930, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 370, Chadri deshi Rs 285.
Lead ingot Rs 96, Lead imported Rs 97, Aluminium ingots Rs 152, Aluminium sheet cutting Rs 153, Aluminium wire scrap Rs 155 and Aluminium utensils scrap Rs 152.

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First Published: Aug 17 2015 | 3:22 PM IST

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