Select base metals -- copper remained higher and added up to Rs 2 per kg in the local non-ferrous metals market today on sustained buying by stockists, influenced by a firming trend at the London Metal Exchange.
Trading sentiment in select base metals remained firm as copper firmed in global markets, on speculation that demand will improve as the Federal Reserve takes additional steps to spur the US economic growth.
Meanwhile, copper for delivery in three months was ended at $8,400 a metric tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained in demand and added Rs 2 each to Rs 432, Rs 451 and Rs 412 per kg, respectively.
Zinc ingot, lead ingot and lead imported also traded higher by rupee one each to 126.50, Rs 128 and Rs 130 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 815, zinc ingot 126.50, nickel plate (4x4) 990 -992, gun metal scrap 226, bell metal scrap 228, copper wire scrap 432, copper wire bar 451, copper mixed scrap 412.00, Utensil scrap 224, Chadripital 175
Lead ingot 128, lead imported 130, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102.
