Zinc and nickel showed some strength and prices rose up to Rs 4 per kg on the local non-ferrous base metals market today on stockists buying to meet industrial demand amid a firming global trend.
Traders said sentiment turned better after zinc advanced to the highest level in more than a year as industrial metals rose after China retained its economic growth target.
Meanwhile, zinc for delivery in three months rose 1.1 per cent to USD 2,143.50 a metric tonne, the highest intra-day level since February 20 last year on the London Metal Exchange.
In the national capital, zinc ingot and nickel (4x4) rose by Rs 2 and Rs 4 to Rs 117-123 and Rs 1060-1061 per kg respectively.
The following were today's metal rates per kg:
Zinc ingot 117-123, nickel plate (4x4) 1,060-1,061 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 438, chadri deshi 285.
Lead ingot 134, lead imported 132, aluminium ingots 146, Aluminium sheet cutting 147, aluminium wire scrap 149 and aluminium utensils scrap 146.
