Base metal prices fell by up to Rs 5 per kg at the non-ferrous metals market today, tracking a weak trend overseas.
Traders said sentiment dampened after London copper traded lower for a fifth session, few hours before the United States announced tariffs on Chinese goods.
Meanwhile, copper for delivery in three-months went down by 0.8 per cent to USD 6,295 a tonne, its lowest since July 28, 2017, on the London Metal Exchange.
Besides tepid demand from consuming industries at domestic spot market, fuelled the downtrend.
In the national capital, copper mixed scrap and nickel plate (4x4) drifted lower by Rs 2 and Rs 5 to Rs 426 and Rs 880-883 per kg, respectively. Zinc ingot, lead ingot and lead imported also enquired lower by Rs 2 each to Rs 133-139, Rs 138 and Rs 145 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 133-139, nickel plate (4x4) Rs 880-883, gun metal scrap Rs 227, bell metal scrap Rs 229, copper mixed scrap Rs 426, chadri deshi Rs 295.
Lead ingot Rs 138, lead imported Rs 145, aluminium ingots Rs 168, aluminium sheet cutting Rs 164, aluminium wire scrap Rs 164 and aluminium utensils scrap Rs 162.
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