Base metal prices led by copper, surged up to Rs 10 per kg on the non-ferrous metal market today on brisk buying by stockists, driven by a rally in base metals in global markets on China's manufactures data.
Traders said brisk buying by stockists in line with a firm trend overseas on China's economic growth mainly pushed up base metal prices.
On the London Metal Exchange, copper rose by 1.3 per cent to $8,118.75, nickel by 1.1 per cent to $23,655 and zinc added 1.4 per cent to $2,225 a metric tonne.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were up by Rs 5 each to Rs 411, Rs 430 and Rs 391 per kg respectively.
Tin ingot gained Rs 5 to Rs 810, while nickel(4x4) up by Rs 10 to Rs 963-967 per kg. Zinc ingot, lead ingot and lead imported were enquired higher by Rs 2 each to Rs 121.50, Rs 125 and Rs 127 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 810, zinc ingot 121.50, nickel plate (4x4) 963-967, gun metal scrap 226 bell metal scrap 228, copper wire scrap 411, copper wire bar 430, copper mixed scrap 391.00, Utensil scrap 224, Chadripital 175
Lead ingot 123, lead imported 125, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102
