Copper remains up on rising industrial demand

Copper prices maintained their upward march for the fifth straight day by adding Rs 5 per kg on the local non-ferrous metal market today largely on increased demand from consuming industries amid firming trend at London Metal Exchange.  

Traders said increased demand from consuming industries and reports of metal climbed to record in global markets mainly pushed up copper prices.     

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap rose by Rs 5 each to Rs 513, Rs 536 and Rs 497 per kg, respectively.     

Following were today's quotations in Rs per kg:

Tin ingot 840, zinc ingot 133.50, nickel plate (4x4) 1,052-1,054, gun metal scrap 226 bell metal scrap 228, copper wire scrap 513, copper wire bar 536, copper mixed scrap 497, Utensil scrap 224, Chadripital 175

Lead ingot 138, lead imported 140, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102