Copper and nickel regained strength to trade up to Rs 5 per kg higher in the wholesale non-ferrous metals market today, supported by pick up in industrial demand amid firming trend overseas.
Sentiment turned slightly better after the entire base metals strengthened in line with a firming trend in overseas markets after a weak dollar raised commodities appeal as an alternative investment.
Besides, pick up in demand from consuming industries also influenced the select base metals.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap traded Rs 2 each higher at Rs 403, Rs 422 and Rs 383, while nickel (4x4) by Rs 5 to Rs 945-949 per kg, respectively.
Following were today's quotations in Rs per kg:
Tin ingot 800, zinc ingot 123.50, nickel plate (4x4) 945- 949, gun metal scrap 226 bell metal scrap 228, copper wire scrap 403, copper wire bar 422, copper mixed scrap 383.00, Utensil scrap 224, Chadripital 175
Lead ingot 126, lead imported 128, aluminium ingots 100, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100
