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Copper remain weak on reduced industrial offtake

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Press Trust of India New Delhi
Copper prices eased further by Rs 2 per kg at the non-ferrous metals market today due to reduced offtake by consuming industries.

However, other base metals after moving in a narrow range in limited deals settled around the previous level.

Traders said reduced demand from consuming industries and reports of a weak global trend mainly kept copper prices low.

In the national capital, copper mixed scrap shed Rs 2 at Rs 341 per kg.

Following are today's metal rates (in Rs per kg):

Zinc ingot Rs 96-102, Nickel plate (4x4) Rs 825-830, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 341, Chadri deshi Rs 295.
 

Lead ingot Rs 78, lead imported Rs 84, aluminium ingots Rs 142, aluminium sheet cutting Rs 138, aluminium wire scrap Rs 138 and aluminium utensils scrap Rs 136.

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First Published: Jan 16 2016 | 2:13 PM IST

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