Copper and nickel prices rose by up to Rs 5 per kg in the local non-ferrous metal market today on sustained buying by stockists in tandem with a firming trend at London Metal Exchange.
Trading sentiment remained better after copper in London climbed, rebounding from a decline in early Asian trading, as falling Chinese imports alleviated concerns that there's a persistent over supply in the market.
Meanwhile, copper for three-month delivery rose by 0.9% to $8,970.25 and nickel gained 1.3% to $24,700 a metric tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained in demand and advanced by 2 each Rs 506, Rs 529 and Rs 490 per kg, respectively.
Nickel (4x4) followed suit and added another Rs 5 to Rs 1,075-1,077 per kg.
Following were today's quotations per kg:
Tin ingot 850, zinc ingot 135.50, nickel plate (4x4) 1,075-1,077, gun metal scrap 226 bell metal scrap 228, copper wire scrap 506, copper wire bar 529, copper mixed scrap 490, Utensil scrap 224, Chadripital 175
Lead ingot 140, lead imported 142, aluminium ingots 109, sheet cutting 110, aluminium wire scrap 110 and aluminium utensils scrap 107
