Tracking a firm trend overseas, base metals traded higher by up to Rs 3 per kg at the non-ferrous metals market today.
Traders said sentiment bolstered after lead posted its biggest daily advance in almost two weeks in global markets, while most industrial metals gained with optimism that demand will recover in China after the government signalled increased support for the economy through higher spending and new measures to boost bank lending.
Globally, lead for delivery in three-month rose 2.4 per cent, the biggest daily gain since February 8, to USD 1,763.5 a metric tonne on the London Metal Exchange.
In the national capital, lead ingot and lead imported rose by Rs 3 each to Rs 85 and Rs 91, while zinc ingots edged up by Rs 2 to Rs 96-102 per kg respectively.
Nickel plate (4x4) and copper mixed scrap also moved up by Rs 3 and Rs 2 to Rs 825-830 and Rs 349 per kg respectively.
In line with overall trend, aluminium ingots, sheet cutting,wire scrap and utensils scrap were too finished higher by Rs 2 each to Rs 146, Rs 142, Rs 142 and Rs 140 per kg respectively.
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 349, Chadri deshi Rs 295.
Lead ingot Rs 85, lead imported Rs 91, aluminium ingots Rs 146, aluminium sheet cutting Rs 142, aluminium wire scrap Rs 142 and aluminium utensils scrap Rs 140.
