Select base metals such as copper and zinc turned weak and traded up to Rs 5 lower per kg in the wholesale non-ferrous metal market today in tandem with a weakening trend at the London Metal Exchange.
Fall in demand from consuming industries also kept pressure on the base metal prices. Traders said beside weak trend overseas, sluggish demand from consuming industries led to a fall in select base metals.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were under selling pressure and lost Rs 2 each to Rs 401, Rs 420 and Rs 381, while nickel (4x4) by Rs 5 to Rs 940-944 per kg, respectively.
Zinc ingot, lead ingot and lead imported also traded lower by Rs 2 each to Rs 123.50, Rs 126 and Rs 128 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 800, zinc ingot 123.50, nickel plate (4x4) 940- 944, gun metal scrap 226 bell metal scrap 228, copper wire scrap 401, copper wire bar 420, copper mixed scrap 381.00, 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
