Base metal prices drifted further lower by Rs 2 per kg at the non-ferrous metals market Tuesday, tracking a weak trend overseas amid muted demand from consuming industries.
Traders said sentiments remained subdued largely in line with weak trend overseas as an intensifying trade war between Washington and Beijing raised concerns over demand for industrial metals in top consumer China, weighed on copper futures.
Globally, copper for three-month delivery slid 2.2 per cent to USD 6,214 per metric tonne on the London Metal Exchange.
Furthermore easing demand from consuming industries at domestic spot market, too weighed on prices.
In the national capital, copepr mixed scrap and nickel plate (4x4) shed another Rs 2 each to Rs 447 and Rs 945-947 per kg respectively.
Zinc ingot, lead ingot and lead imported also enquired lower by a similar margin to Rs 147-153, Rs 150 and Rs 157 per kg respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 147-153, nickel plate (4x4) Rs 945-947, gun metal scrap Rs 227, bell metal scrap Rs 229, copper mixed scrap Rs 447, chadri deshi Rs 295.
Lead ingot Rs 150, lead imported Rs 157, aluminium ingots Rs 170, aluminium sheet cutting Rs 166, aluminium wire scrap Rs 166 and aluminium utensils scrap Rs 164.
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