Select base metals soften on tepid demand

Select base metal prices drifted lower by up to Rs 4 per kg at the non-ferrous metal market today owing to easing demand from consuming industries at domestic spot market amid a weak trend overseas.
Traders said besides fall in demand from consuming industries at domestic spot market, a weak trend overseas mainly led to decline in select base metal prices.
In the national capital,copper mixed scrap and nickel plate (4x4) fell by Rs 2 and Rs 4 Rs 360 and Rs 812-817 per kg respectively. Lead ingot and lead imported also enquired lower by Rs 2 each to Rs 87 and Rs 93 per kg.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 106-112, Nickel plate (4x4) Rs 812-817, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 360, chadri deshi Rs 295.
Lead ingot Rs 87, lead imported Rs 93, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.