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Copper strengthens on global cues, spot demand

Press Trust of India  |  New Delhi 

prices strengthened by Rs 5 per kg at the market today, tracking a firm trend overseas amid pick-up in demand from consuming industries. Traders said, a firm trend overseas as the dollar softened and the World issued a solid view of global economic growth, kept prices higher. Globally, for delivery in three months edged 0.1 per cent higher to USD 7,110.50 per tonne on the Metal Exchange. Besides, rising demand from consuming industries at domestic spot market fuelled the uptrend. In the national capital, mixed scrap advanced by Rs 5 to Rs 400 per kg. Following are today's (in Rs per kg): Zinc ingot Rs 120-126, Nickel plate (4x4) Rs 750-755, gun Rs 227, Bell Rs 229, mixed scrap Rs 400, chadri deshi Rs 295. Lead ingot Rs 121, lead imported Rs 127, 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: Thu, January 11 2018. 14:35 IST
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