Base metal prices recovered by up to Rs 3 per kg in the local non-ferrous metal market today on increased industrial demand amid firming trend at London Metal Exchange.
Sentiments turned better as copper climbed in global markets on optimism that China's economy is maintaining momentum after data showed industrial output grew even as the government took steps to curb rising prices.
Meanwhile, copper for three-month delivery gained 0.7% to $8,978 a tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were up by Rs 2 each to Rs 506, Rs 529 and Rs 489, respectively, while nickel (4x4) followed suit and gained Rs 3 to Rs 1,058-1,060 per kg.
Zinc ingot, lead ingot and lead imported traded higher by rupee one each to Rs 133.50, Rs 142 and Rs 145 per kg, respectively.
Following were today's quotations Rs per kg:
Tin ingot 841, zinc ingot 132.50, nickel plate (4x4) 1,058-1,060, gun metal scrap 226 bell metal scrap 228, copper wire scrap 506, copper wire bar 529, copper mixed scrap 489, Utensil scrap 224, Chadripital 175
Lead ingot 142, lead imported 145, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107
