Copper maintains an upward journey on global cues

Copper remained in demand and prices rose by Rs 5 per kg on the non-ferrous metal market today on persistent buying by stockists sparked by a rising global trend.  

Buying activity in copper picked up after the metal extended its rally to a five-month high, as inventories dwindled and the dollar's slump boosted the appeal for most of the commodities.

Meanwhile, copper for delivery in three months rose 0.8 per cent to $7,945 a metric tonne on the London Metal Exchange.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap strengthened further by Rs 5 each to Rs 413, Rs 432 and Rs 393 per kg, respectively.

Following were today's quotations in Rs per kg:

Tin ingot 800, zinc ingot 123.50, nickel plate (4x4) 955- 959, gun metal scrap 226 bell metal scrap 228, copper wire scrap 413, copper wire bar 432, copper mixed scrap 393.00, Utensil scrap 224, Chadripital 175

Lead ingot 126, lead imported 128, aluminium ingots 100, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100