Copper and nickel prices fell up to Rs 5 per kg on the wholesale non-ferrous metal market today, largely in tandem with weakening global trends.
Trading sentiments turned bearish after copper and other base metals fell in global markets on concern that record prices and the prospect of more tightening measures by China, the largest user of the metal, may hurt its demand.
Meanwhile, three-month delivery copper lost 1.3 per cent to $9,886 and nickel declined 0.9 per cent to $28,500 a tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were remained under selling pressure and shed another Rs 2 each to Rs 521, Rs 544 and Rs 505 per kg, respectively.
Nickel (4x4) followed suit and lost Rs 5 to Rs 1,057-1,059 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 845, zinc ingot 132.50, nickel plate (4x4) 1,057-1,059, gun metal scrap 226 bell metal scrap 228, copper wire scrap 521, copper wire bar 544, copper mixed scrap 505, Utensil scrap 224, Chadripital 175
ead ingot 139, lead imported 141, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102
