Base metal prices, led by copper fell up to Rs 5 per kg in the local non-ferrous metals market today on emergence of selling sparked by a weakening trend at the London Metal Exchange.
Marketmen said fresh selling by stockists in tandem with a weakening trend at the London Metal Exchange mainly led to a fall in base metal prices.
Meanwhile, copper for three-month delivery dropped 2 per cent to $6,470, lead decreased by 2.7 per cent to $1,783 and nickel shed 1 per cent to $19,650 metric tonne on the London Metal Exchange.
Copper wire scrap, copper wire bar and copper mixed scrap were down by Rs 2 each to Rs 357, Rs 376 and Rs 335 and nickel (4x4) lost Rs 5 at Rs 874-988, while lead ingot and lead imported traded lower by Rs two each to Rs 117 and Rs 120 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 795, zinc ingot 122.00, nickel plate (4x4) 874- 988, gun metal scrap 226 bell metal scrap 228, copper wire scrap 357, copper wire bar 376, copper mixed scrap 335.00, Utensil scrap 224, Chadripital 175
Lead ingot 117, lead imported 120, aluminium ingots 102, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100
