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Select base metals remain weak on subdued demand

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Press Trust of India New Delhi
Last Updated : Feb 22 2017 | 3:02 PM IST
Select base metal prices fell further by up to Rs 5 per kg at the non-ferrous metal market today on the back of tepid demand from consuming industries at domestic spot market.
Traders said easing demand from consuming industries at domestic spot market and weak trend overseas mainly kept pressure on select base metal prices.
In the national capital, copper mixed scrap and nickel plate (4x4) fell by Rs 2 and Rs 5 to Rs 363 and Rs 805-810 kg respectively.
Lead ingot and lead imported also traded lower by Rs 2 each to Rs 93 and Rs 99 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 106-112, Nickel plate (4x4) Rs 805-810, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 363, chadri deshi Rs 295.
Lead ingot Rs 93, lead imported Rs 99, 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: Feb 22 2017 | 3:02 PM IST

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