Copper prices declined by Rs 2 per kg on the local non-ferrous metal market today on reduced industrial demand, amid weakening global trend.
Traders said fall in industrial demand amid overnight losses at the London Metal Exchange (LME), mainly led to decline in copper prices.
Meanwhile, copper for three-month delivery shed 0.7% to $9,619.75 a tonne on the LME. In the national capital, copper wire crap, copper wire bar and copper mixed scrap were lower by Rs 2 each to Rs 508, Rs 531 and Rs 492 per kg, respectively.
Following were today's quotations per kg:
Tin ingot 857, zinc ingot 131.50, nickel plate (4x4) 1,067-1,069, gun metal scrap 226 bell metal scrap 228, copper wire scrap 510, copper wire bar 533, copper mixed scrap 494, Utensil scrap 224, Chadripital 175
Lead ingot 139, lead imported 141, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102
