Select base metal prices declined by up to Rs 3 per kg in the local non-ferrous metal market today on fall in demand from consuming industries at prevailing levels amid a weakening global trend.
Traders said fall in demand from consuming industries and reports of a weakening global trend mainly led to the decline in select base metal prices.
Meanwhile, copper for three-month delivery declined by 0.8% to $9,011.75 and nickel shed 0.6% to $21,753 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 502, Rs 525 and Rs 485 per kg, respectively.
Nickel (4x4) followed suit and shed Rs 3 to Rs 1,055-1,057 per kg.
Lead ingot and lead imported also traded lower by rupee one each to Rs 140 and Rs 143 per kg, respectively.
Following were today's quotations Rs per kg:
Tin ingot 841, zinc ingot 131.50, nickel plate (4x4) 1,055-1,057, gun metal scrap 226 bell metal scrap 228, copper wire scrap 502, copper wire bar 525, copper mixed scrap 485, Utensil scrap 224, Chadripital 175
Lead ingot 140, lead imported 143, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107
