Base metals remained firm and prices rose by up to Rs 5 per kg in the local non-ferrous metal market today on increased buying by stockists influenced by a firming trend at the London Metal Exchange (LME).
Sentiments remained firm as copper rose in London before US government's reports on personal consumption and gross domestic product, which economists say will show a faster growth, signalling more demand of the metals in the world's second-largest copper buyer.
Meanwhile, copper rose by 0.3% to $9,088 and nickel by 0.2% to $23,450 a tonne on the LME. In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were up by Rs 3 each to Rs 510, Rs 533 and Rs 493, respectively.
Similarly, nickel (4x4) and tin ingot gained Rs 5 each to Rs 1,063-1,065 and Rs 850 per kg, respectively. Zinc ingot, lead ingot and lead imported also edged up by rupee one each to Rs 138.50, Rs 145 and Rs 148 per kg, respectively.
Following were today's quotations Rs per kg:
Tin ingot 850, zinc ingot 138.50, nickel plate (4x4) 1,063-1,065, gun metal scrap 226 bell metal scrap 228, copper wire scrap 510, copper wire bar 533, copper mixed scrap 493, Utensil scrap 224, Chadripital 175
Lead ingot 145, lead imported 148, aluminium ingots 109, sheet cutting 110, aluminium wire scrap 110 and aluminium utensils scrap 107
