Select base metals prices moved down by upto Rs 2 per kg in the local non-ferrous metal market today as stockists reduced their positions on the back of a weakening global trend.
Trading sentiments turned weak after copper fell in London on concerns that interest rates are likely to rise again in China, the world's largest consumer of the metal.
Meanwhile, copper for three-month delivery slipped by 0.1% to $9,441 and zinc by 0.7% to $2,381 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 503, Rs 526 and Rs 486 per kg, respectively.
Zinc ingot, lead ingot and lead import also traded lower by a rupee each to Rs 128.50, Rs 141 and Rs 144 per kg, respectively.
Following were today's quotations in Rs per kg:
Tin ingot 840, zinc ingot 128.50, nickel plate (4x4) 1,045-1,047, gun metal scrap 226 bell metal scrap 228, copper wire scrap 503, copper wire bar 526, copper mixed scrap 486, Utensil scrap 224, Chadripital 175
Lead ingot 141, lead imported 144, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107
