Tracking weak trend at the London Metal Exchange, copper and other base metal prices drifted up to Rs 5 per kg in the non-ferrous metals market today.
Reduced offtake by consuming industries at spot markets also put pressure on the prices.
Marketmen said trading sentiment turned bearish after copper dropped in London, Shanghai and New York on the prospect of further credit tightening in China, the world’s largest user.
Meanwhile, copper for three-month delivery fell by 0.6 per cent to $8,242, nickel lost 0.5 per cent to $24,200 a metric tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were down by Rs 2 each to Rs 423, Rs 442 and Rs 403, while nickel (4x4) lost Rs 5 to Rs 985-987 per kg.
Zinc ingot, lead ingot and lead imported also traded lower by Rs one each to Rs 123.50, Rs 125 and Rs 127 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 815, zinc ingot 123.50, nickel plate (4x4) 983 -987, gun metal scrap 226 bell, metal scrap 228, copper wire scrap 423, copper wire bar 442, copper mixed scrap 403.00, Utensil scrap 224, Chadripital 175
Lead ingot 125, lead imported 127, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102
