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Copper weakens on tepid demand

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Press Trust of India New Delhi
Copper eased by Rs 2 per kg at the non-ferrous metal market today following sluggish demand from consuming industries.

However, other base metals held steady in thin trade.

Traders said subdued demand from consuming industries influenced copper prices.

In the national capital, copper mixed scrap shed Rs 2 to Rs 370 per kg.

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

Zinc ingot Rs 94-100, Nickel plate (4x4) Rs 844-849, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 370, chadri deshi Rs 295.

Lead ingot Rs 80, lead imported Rs 86, aluminium ingots Rs 152, aluminium sheet cutting Rs 148, aluminium wire scrap Rs 148 and aluminium utensils scrap Rs 146.

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First Published: Jul 09 2016 | 2:32 PM IST

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