NEW DELHI: Copper and other base metal prices rose up to 5 per kg in the non-ferrous metal market today on continued buying by stockists on industrial demand amid firming trend at the London Metal Exchange.
Marketmen said increased buying by stockists driven by pick up in industrial demand and firming trend in global markets mainly pushed up base metal prices.
Meanwhile, copper for three-month delivery rose 1.8 per cent to USD 7,230, lead by 2.8 per cent to USD 2,015 and nickel by 1.8 per cent to USD 20,460 a metric tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained in demand and added another 2 each to Rs 379, Rs 398 and Rs 359, while nickel (4x4) gained Rs 5 to Rs 903-907 per kg, respectively.
Lead ingot and lead imported were also higher by Rs 5 each to Rs 122 and Rs 125 per kg, respectively.
Following were today's quotations in Rs per kg: Tin ingot 795, zinc ingot 120.50, nickel plate (4x4) 903 -907, gun metal scrap 226 bell metal scrap 228, copper wire scrap 379, copper wire bar 398, copper mixed scrap 359.00, Utensil scrap 224, Chadripital 175.
Lead ingot 123, lead imported 125, aluminium ingots 100, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100. LINK
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