Prices of aluminium declined by Rs 2 per kg at the non-ferrous metals market today largely on weak global trend.
Traders said sentiments in aluminium turned weak as it declined to a three-week low in global markets after the biggest US producer flipped its outlook for the metal to an oversupply from an earlier forecast of a small deficit.
Meanwhile, aluminium for delivery in three months fell 0.3 per cent to USD 1,766.50 a metric tonne on the London Metal Exchange.
In the national capital, aluminium ingots, sheet cutting, wire scrap and utensils scrap were down by Rs 2 each to Rs 158,Rs 159,Rs 161 and Rs 158 per kg respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 114-120, Nickel plate (4x4) Rs 1,055-1,060, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 408, Chadri deshi Rs 285.
Lead ingot Rs 99, Lead imported Rs 100, Aluminium ingots Rs 158, Aluminium sheet cutting Rs 159, Aluminium wire scrap Rs 161 and Aluminium utensils scrap Rs 158.
