Base metal prices drifted lower by up to Rs 3 per kg at the non-ferrous metals market today, tracking a weak trend overseas amid muted demand from consuming industries.
Traders said sentiment turned bearish on the back of a weak trend overseas which mainly led to the fall in base metal prices.
Globally, copper for delivery in three months fell by 0.2 per cent to USD 7,006.50 per tonne on the London Metal Exchange.
Besides, subdued demand from consuming industries at domestic spot market,too, fulled the downtrend.
In the national capital, copper mixed scrap and nickel plate (4x4) fell by Rs 2 and Rs 3 to Rs 431 and Rs 865-870 per kg, respectively.
Zinc ingot, lead ingot and lead imported also enquired lower by Rs 2 each to Rs 136-142, Rs 137 and Rs 144 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 136-142, nickel plate (4x4) Rs 868-873, gun metal scrap Rs 227, bell metal scrap Rs 229, copper mixed scrap Rs 431, chadri deshi Rs 295.
Lead ingot Rs 137, lead imported Rs 144, aluminium ingots Rs 168, aluminium sheet cutting Rs 164, aluminium wire scrap Rs 164 and aluminium utensils scrap Rs 162.
Disclaimer: No Business Standard Journalist was involved in creation of this content
