Copper prices continued to slide for the second straight day by losing Rs 2 per kg on the local non-ferrous metal market today on sustained selling by stockists amid weakening global trend.
Selling picked up as copper fell to a three-week low in London on concern that the US economy is struggling to recover, eroding demand for raw materials.
Meanwhile, copper for delivery in three months fell by 1.7 per cent to $8,200 metric 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 Rs 2 each to Rs 430, Rs 449 and Rs 410 per kg, respectively.
Following were today's quotations in Rs per kg:
Tin ingot 810, zinc ingot 125.50, nickel plate (4x4) 985-987, gun metal scrap 226 bell metal scrap 228, copper wire scrap 430, copper wire bar 449, copper mixed scrap 410, Utensil scrap 224, Chadripital 175
Lead ingot 127, lead imported 129, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102
