Base metal prices fell up to Rs 3 per kg in the local non-ferrous metal market today on selling by stockists influenced by a weakening global trend.
Selling in base metals gathered momentum as copper in London dropped as manufacturing in China, the world's largest user, shrank to the lowest level since February 2009.
Meanwhile, copper for three-month declined by 0.9% to $9,345 and nickel by 1% to $23,200 a tonne on the London Metal Exchange (LME).
In additions, fall in industrial demand at prevailing higher levels further fueled the downtrend in base metals.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were remained weak and shed another Rs 2 each to Rs 501, Rs 524 and Rs 484, while nickel (4x4) lost Rs 3 to Rs 1,040-1,042 per kg, respectively.
Tin ingot and zinc ingot declined by Rs 1 each to Rs 840 and Rs 129.50, while lead ingot and lead imported traded lower by the same margin to Rs 140 and Rs 143 per kg, respectively.
Following were today's quotations per kg:
Tin ingot 840, zinc ingot 129.50, nickel plate (4x4) 1,040-1,042, gun metal scrap 226 bell metal scrap 228, copper wire scrap 501, copper wire bar 524, copper mixed scrap 484, Utensil scrap 224, Chadripital 175
Lead ingot 140, lead imported 143, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107
