Base metals, led by copper, turned weak and fell by up to Rs 5 per kg on the local non-ferrous metal market today due to fall in industrial demand amid weak global trend.
Trading sentiment turned bearish after copper declined in global markets on concern that escalating conflict in Libya will further boost crude prices, weighing on growth and eroding metals demand.
Meanwhile, copper for three-month-delivery fell by 0.6 per cent to $9,831.75 a metric tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap traded lower by Rs 2 each to Rs 512, Rs 535, and Rs 496 per kg, respectively.
Nickel (4x4) and tin ingot followed suit and lost Rs 5 each to Rs 1,053-1,055 and Rs 833 per kg, respectively.
In line with a general weakening trend, zinc ingot, lead ingot and lead imported were enquired lower by Rs one each to Rs 128.50, Rs 135 and Rs 137 per kg.
Following were today's quotations per kg:
Tin ingot 833, zinc ingot 128.50, nickel plate (4x4) 1,053-1,055, gun metal scrap 226 bell metal scrap 228, copper wire scrap 512, copper wire bar 535, copper mixed scrap 496, utensil scrap 224, Chadripital 175
Lead ingot 135, lead imported 137, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102
