Copper and zinc prices declined by up to Rs 2 per kg in the local metal market today due to reduced industrial demand amid a weakening global trend.
Market analysts said fall in industrial demand amid a weakening global trend mainly led to the decline in copper and zinc prices.
Meanwhile, copper for the three-month delivery dropped 0.6% to $9,782 and zinc declined by 1.2% to $,460 a tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were down by Rs 2 each to Rs 513, Rs 536 and Rs 496 per kg, respectively.
Zinc also traded lower by rupee one to Rs 130.50 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 840, zinc ingot 130.50, nickel plate (4x4) 1,062-1,064, gun metal scrap 226 bell metal scrap 228, copper wire scrap 513, copper wire bar 536, copper mixed scrap 496, Utensil scrap 224, Chadripital 175
Lead ingot 143, lead imported 146, aluminium ingots 112, sheet cutting 113, aluminium wire scrap 112 and aluminium utensils scrap 109
