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Copper softens on global cues, tepid demand

Press Trust of India  |  New Delhi 

Copper prices declined by Rs 3 per kg at the non-ferrous metal market today owing to weak global cues amid slackened demand from consuming industries.

Traders said apart from a weak trend overseas, easing demand from consuming industries at domestic spot market mainly put pressure on copper prices.

Globally, copper for delivery in three-months fell 0.7 per cent to USD 5,661 metric a tonne on the Metal Exchange in yesterday's trade.

In the national capital, copper mixed scrap was trading down by Rs 3 to Rs 336 per kg.

Following are today's metals' rates (in Rs per kg):

Zinc ingot Rs 100-106, Nickel plate (4x4) Rs 785-795, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 336, chadri deshi Rs 295.

Lead ingot Rs 92, lead imported Rs 98, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 16 2017. 14:28 IST