Select base metal prices rose by up to Rs 2 per kg in the local non-ferrous metal market today on increased buying by stockists influenced by a firming trend the London Metal Exchange.
Trading sentiment bolster after copper surged to move closer to over a three-month high in global markets as US President Barack Obama said leaders of both parties in the US House and Senate have agreed to raise the debt limit.
Meanwhile, copper for three months delivery increased 0.7% to $9,894 a tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap strengthened by Rs 2 each to Rs 520, Rs 543 and Rs 503 per kg, respectively.
Zinc ingot, lead ingot and lead imported traded higher by rupee one each to Rs 130.50, Rs 142 and Rs 145 per kg, respectively.
Following were today's quotations in Rs per kg:
Tin ingot 840, zinc ingot 130.50, nickel plate (4x4) 1,070-1,072, 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 142, lead imported 145, aluminium ingots 112, sheet cutting 113, aluminium wire scrap 112 and aluminium utensils scrap 109
