Select base metals rise on global cues

Select base metal prices rose by Rs 2 per kg in the local non-ferrous metal market today on fresh demand from consuming industries, amid firming trend at the London Metal Exchange.

Sentiment turned better as copper rose in London, ending a three-day slide, as better-than-expected US economic data buoyed the demand outlook for the metal used in construction and household appliances.

Meanwhile, copper rose by 1.6 per cent to $9,137.50 zinc by 2.8 per cent to $2,283 and lead by 1.8 per cent to $2,407.25 a metric tonne on the London Metal Exchange.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were recovered by Rs 2 each to Rs 460,Rs 484 and Rs 445, while zinc ingot, lead ingot and lead imported also traded higher by the same margin to Rs 132.50, Rs 136 and Rs 138 per kg. 

Following were today's quotations in Rs per kg:

Tin ingot 820, zinc ingot 132.50, nickel plate (4x4) 1,015-1,017, gun metal scrap 226 bell metal scrap 228, copper wire scrap 460, copper wire bar 484, copper mixed scrap 445, Utensil scrap 224, Chadripital 175

Lead ingot 136, lead imported 138, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102