Select base metals rose by Rs 2 per quintal in the local non-ferrous metal market today on increased industrial demand amid a firming global trend.
Trading sentiments turned better after copper climbed in London on speculations that lower US borrowing costs would hurt the dollar, while strikers disrupted output from a mine in Chile, potentially widening a global shortfall.
Meanwhile, copper advanced by 1.1% to $9,202, while zinc gained 2.5% to $2,315, its highest level since April 26, and lead rose by 2.7% to $2,498.75 a tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap moved up by Rs 2 each to Rs 512, Rs 535 and Rs 495 per kg, respectively.
Zinc ingot, lead ingot and lead imported were also enquired higher by Rs 2 each to Rs 139.50, Rs 149 and Rs 152 per kg, respectively.
Following were today's quotations Rs per kg:
Tin ingot 851, zinc ingot 139.50, nickel plate (4x4) 1,070-1,072, gun metal scrap 226 bell metal scrap 228, copper wire scrap 512, copper wire bar 535, copper mixed scrap 495, Utensil scrap 224, Chadripital 175.
Lead ingot 149, lead imported 152, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 111 and aluminium utensils scrap 108.
