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Copper falls in thin trade

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Press Trust of India New Delhi

Copper turned weak on the wholesale metal market today due to fall in industrial demand and shed Rs 2 per kg.

Besides, weakening global trend also put some pressure on the metal prices.

Traders said fall in demand at existing higher levels amid weakening global trend mainly led to the decline in copper prices.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained weak and shed another Rs 2 each to Rs 500, Rs 523 and Rs 483 per kg, respectively.

Following were today's quotations in Rs per kg: 

Tin ingot 840, zinc ingot 128.50, nickel plate (4x4) 1,049-1,051, gun metal scrap 226 bell metal scrap 228, copper wire scrap 500, copper wire bar 523, copper mixed scrap 483, Utensil scrap 224, Chadripital 175

 

Lead ingot 140, lead imported 143, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107

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First Published: Jul 09 2011 | 2:08 PM IST

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