Copper remains up on higher global trend

Copper prices continued to rise for the fourth straight day by adding Rs 2 per kg in the local non-ferrous metal market today on pick up in demand from consuming industries.

Firming trend at London Metal Exchange also influenced the prices. 

Marketmen said, besides firming trend at the London Metal Exchange, pick up in demand from consuming industries mainly pushed up copper prices.

Meanwhile, copper for three-month delivery traded at$8,723.75 a metric tonne on the London Metal Exchange. 

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were added Rs 2 each to Rs 452, Rs 476 and Rs 437 per kg.

Following were today's quotations in Rs per kg:

Tin ingot 815, zinc ingot 130.50, nickel plate (4x4) 1,005-1,007, gun metal scrap 226 bell metal scrap 228, copper wire scrap 452, copper wire bar 476, copper mixed scrap 437, Utensil scrap 224, Chadripital 175

Lead ingot 134, lead imported 136, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102