Select base metals, copper and nickel strengthened up to Rs 5 per kg in the non-ferrous metal market today in tandem with firming trend overseas on optimism over rising global demand amid weakening dollar.
Marketmen said sentiment turned better after base metals at the London Metal Exchange strengthened as the dollar weakened, raising demand for the raw materials as an alternative investment.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap gained Rs 3 each to Rs 403, Rs 422 and Rs 383, respectively, while nickel (4x4) traded higher by Rs 5 at Rs 945-949 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 800, zinc ingot 125.50, nickel plate (4x4) 945- 949, gun metal scrap 226 bell metal scrap 228, copper wire scrap 403, copper wire bar 422, copper mixed scrap 383.00, Utensil scrap 224, Chadripital 175
Lead ingot 128, lead imported 130, aluminium ingots 100, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100
