Copper rebounds on fresh industrial demand

Copper prices recovered by Rs 2 per kg on the local non-ferrous metal market today on fresh industrial demand, amid firming global trend. 

Traders said increased offtake by consuming industries and report of firming trend in global markets, mainly helped copper prices to recover.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were up by Rs 2 each to Rs 480, Rs 503 and Rs 464 per kg, respectively.

Following were today's quotations in Rs per kg:

Tin ingot 820, zinc ingot 129.50, nickel plate (4x4) 1,020-1,022, gun metal scrap 226 bell metal scrap 228, copper wire scrap 480, copper wire bar 503, copper mixed scrap 464, Utensil scrap 224, Chadripital 175

Lead ingot 134, lead imported 136, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102