Select base metal prices declined by up to Rs 5 per kg in the local non-ferrous metal market today owing to reduced industrial demand amid a weakening global trend.
Traders said reduced industrial offtake amid weak trend in its prices overseas mainly led to the fall in select base metal prices.
Meanwhile, zinc lost 0.8% to $2,441 and lead shed 0.4% to $2,555 a tonne at the London Metal Exchange.
In the national capital, zinc ingot, lead ingot and lead imported were down by Rs 2 each to Rs 128.50, Rs 140 and Rs 143 per kg, respectively. Nickel (4x4) also shed Rs 5 to Rs 1,065-1,067 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 840, zinc ingot 128.50, nickel plate (4x4) 1,065-1,067, gun metal scrap 226 bell metal scrap 228, copper wire scrap 520, copper wire bar 543, copper mixed scrap 503, Utensil scrap 224, Chadripital 175
Lead ingot 140, lead imported 143, aluminium ingots 112, sheet cutting 113, aluminium wire scrap 112 and aluminium utensils scrap 109
