Base metal prices fell up to Rs 5 per kg on the local non-ferrous metal market today owing to slackened demand from consuming industries, amid a weakening global trend.
Traders said sluggish demand from consuming industries and weakening global trend mainly led to decline in base metal prices.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were down by Rs 2 each to Rs 502,Rs 525 and Rs 486 per kg, respectively. Nickel (4x4) followed suit and traded lower by Rs 5 to Rs 1,053-1,055 per kg.
Zinc ingot, lead ingot and lead imported were also traded lower by Rs 2 each to Rs 129.50, Rs 139 and Rs 142 per kg, respectively.
Following were today's quotations Rs per kg:
Tin ingot 841, zinc ingot 129.50, nickel plate (4x4) 1,053-1,055, gun metal scrap 226 bell metal scrap 228, copper wire scrap 502, copper wire bar 525, copper mixed scrap 485, Utensil scrap 224, Chadripital 175.
Lead ingot 139, lead imported 142, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107.
