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Zinc strengthens on global trend

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Press Trust of India New Delhi
Zinc prices moved up by Rs 2 per kg in an otherswise steady on the local non-ferrous base metals market today largely on firming global trend.

Other metals such as copper and nickel, however, held steady in the absence of worthwhile activity.

Traders attributed the rise in zinc on firming global trend as industrial metals rose and China's benchmark money-market rate slid the most since February 2011 after the central bank injected funds.

Meanwhile, zinc gained 1.1 per cent to USD 2,080 a metric tonne on the London Metal Exchange.

In the national capital, zinc ingot rose by Rs 2 to Rs 111-117 per kg.
 

The following are today's metal rates per kg:

Zinc ingot 111-117, nickel plate (4x4) 1,070-1,071 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 429, chadri deshi 285.

Lead ingot 138, lead imported 136, aluminium ingots 150, Aluminium sheet cutting 151, aluminium wire scrap 153 and aluminium utensils scrap 150.

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First Published: Dec 24 2013 | 3:16 PM IST

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