Prices of copper and other base metals strengthened by up to Rs 5 per kg in the local non-ferrous metal market today largely supported by a firming trend overseas amid pick-up in industrial demand.
Traders said the rise in select base metals at the local market was mostly due to a firming trend at the London Metal Exchange after data last week showed that US manufacturing grew at a strong pace in June.
In addition, pick-up in industrial demand also supported the upside in base metals, they said. In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were up by Rs 2 each to Rs 505, Rs 528 and Rs 488 per kg, respectively.
Lead ingot and lead import also gained Rs 2 each at Rs 142 and Rs 145 per kg, respectively.
Nickel plate (4x4) also moved up by Rs 5 to Rs 1,045-1,047 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 840, zinc ingot 129.50, nickel plate (4x4) 1,045-1,047, gun metal scrap 226 bell metal scrap 228, copper wire scrap 505, copper wire bar 528, copper mixed scrap 488, Utensil scrap 224, Chadripital 175
Lead ingot 142, lead imported 145, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107
