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Copper turns weak on lower global trend

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Press Trust of India New Delhi

In restricted activity, copper turned weak and traded Rs 2 per kg lower on the local non- ferrous metal market today owing to slack demand amid weakening trend at LME.

Marketmen said apart from weakening trend at the London Metal Exchange and reduced offtake from consuming industries helped copper prices to trade lower.

Meanwhile, copper for three-month delivery lost 1.2 per cent to $6,527.75 a metric tonne on the London Metal Exchange.

In the national capital, copper wire scrap, copper wire bar and copper mixed traded lower by Rs 2 each to Rs 361, Rs 380 and Rs 339 per kg, respectively.

Following were today's quotations in Rs per kg:

Tin ingot 795, zinc ingot 118.00, nickel plate (4x4) 868- 982, gun metal scrap 226 bell metal scrap 228, copper wire scrap 361, copper wire bar 380, copper mixed scrap 339, utensil scrap 224, Chadripital 175.

Lead ingot 114, lead imported 117, aluminium ingots 100, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100.

 

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First Published: Jul 07 2010 | 3:35 PM IST

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