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Copper slides on weak global cues

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Press Trust of India New Delhi

Copper prices declined by Rs 2 per kg at the non-ferrous metal market today largely on weak trend overseas.

Traders said sentiment in copper turned bearish on the back of weak global cues where the metal fell to a two-week low yesterday, pressured by Italy's deepening political crisis and a firmer dollar.

Globally, copper for delivery in three-month was trading down by 0.7 per cent at USD 6,810 per tonne after hitting an early low of USD 6,802 on the London Metal Exchange.

In the national capital, copper mixed scrap fell by Rs 2 to Rs 438 per kg.

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

Zinc ingot Rs 140-146, nickel plate (4x4) Rs 870-875, gun metal scrap Rs 227, bell metal scrap Rs 229, copper mixed scrap Rs 438, chadri deshi Rs 295.

 

Lead ingot Rs 141, lead imported Rs 148, aluminium ingots Rs 168, aluminium sheet cutting Rs 164, aluminium wire scrap Rs 164 and aluminium utensils scrap Rs 162.

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First Published: May 30 2018 | 3:46 PM IST

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