Aluminium strengthens on increased demand

Aluminium prices advanced by Rs 2 per kg at the non-ferrous market today largely due to pick-up in demand from consuming industries.

However, other base metals held steady in thin trade.

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Traders said increased demand from consuming industries and reports of a firm trend in its prices in Asian region kept aluminium prices higher.

In the national capital, aluminium ingots, sheet cutting, wire scrap and utensil scrap added another Rs 2 each to Rs 150, Rs 146, Rs 146 and Rs 144 per kg respectively.

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

Zinc ingot Rs 98-104, Nickel plate (4x4) Rs 838-843, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 363, Chadri deshi Rs 295.

Lead ingot Rs 85, lead imported Rs 91, aluminium ingots Rs 150, aluminium sheet cutting Rs 146, aluminium wire scrap Rs 146 and aluminium utensils scrap Rs 144.