Select base metals strengthen on industrial demand,global cues

Select base metals, led by aluminium, edged up by Rs 2 per kg at the non-ferrous metals market today on increased demand from consuming industries amid a firm global trend.
Traders said sentiments turned better after aluminium rebounded from the lowest level in almost a year and most industrial metals rose in global markets before data forecast to show sustained economic growth in the US, the world's second-largest user of base metals.
Meanwhile, aluminium for delivery in three months rose 0.7 per cent to USD 1,756.50 a metric tonne on the London Metal Exchange.
In the national capital, aluminium ingots, sheet cutting, wire scrap and utensils scrap were up by Rs 2 each to Rs 164, Rs 165, Rs 167 and Rs 164 per kg, respectively.

Copper mixed scrap and nickel (4x4) also moved up by a similar margin to Rs 405 and Rs 1055-1060 per kg, respectively.
Following are today's metal rates (in Rs per kg)
Zinc ingot Rs 116-122, Nickel plate (4x4) Rs 1,055-1,060, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 405, Chadri deshi Rs 285.
Lead ingot- Rs 104, Lead imported- Rs 105, Aluminium ingots- Rs 164, Aluminium sheet cutting- Rs 165, Aluminium wire scrap- Rs 167 and Aluminium utensils scrap- Rs 164.