Zinc, copper fall on global cues

Prices of zinc and copper fell by Rs 2 per kg at the non-ferrous metals market today owing to slackened demand from consuming industries amid a weak global trend.
Traders said sentiments turned bearish after zinc fell from a two-month high in global markets ahead of minutes of the Federal Reserve's March meeting and as the IMF forecast sustained weakness in global economic growth.
Meanwhile, zinc for delivery in three months dropped 0.7 per cent to USD 2,139.50 a metric tonne on the London Metal Exchange.
In the national capital, zinc ingots and copper mixed scrap were down by Rs 2 each to Rs 114-120 and Rs 408 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 114-120, Nickel plate (4x4) Rs 1,055-1,060, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 408, Chadri deshi Rs 285.
Lead ingot Rs 99, Lead imported Rs 100, Aluminium ingots Rs 160, Aluminium sheet cutting Rs 161, Aluminium wire scrap Rs 163 and Aluminium utensils scrap Rs 160.