NEW DELHI: Tracking a firm global trend, copper and tin prices rose for the fourth day by gaining up to Rs 10 per kg in the local non-ferrous metal markets today.
Increased demand by consuming industries also boosted the market sentiment.
Marketmen said rising demand in the wake of firming trend at the London Metal Exchange pushed up copper and tin prices.
Meanwhile, copper for delivery in three months gained 2.1 per cent to USD 7,459 and tin by 1.4 per cent to USD 21,640, after reaching at USD 21,750, the highest level since August 2008.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained in hectic demand and added another Rs 5 each to Rs 386, Rs 405 and Rs 366, while tin surged by Rs 10 to Rs 810 per kg, respectively.
Following were today's quotations in Rs per kg: Tin ingot 810, zinc ingot 120.50, nickel plate (4x4) 908 -912, gun metal scrap 226 bell metal scrap 228, copper wire scrap 386, copper wire bar 405, copper mixed scrap 366, 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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