Copper softens on lower global trend

On limited deals, copper prices fell by Rs 2 per kg in the local non-ferrous metal market today owing to slackness in demand, amid weakening global trend.

Traders said slack demand from consuming industries amid weakening trend in global markets mainly led to the decline in copper prices.

Meanwhile, copper for three-month copper lost 0.7 per cent to $9,351.25 a metric tonne on the London Metal Exchange.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were down by Rs 2 each to Rs 477, Rs 501 and Rs 462 per kg, respectively.

Following were today's quotations in Rs per kg:

Tin ingot 820, zinc ingot 132.50, nickel plate (4x4) 1,022-1,024, gun metal scrap 226 bell metal scrap 228, copper wire scrap 477, copper wire bar 501, copper mixed scrap 462, Utensil scrap 224, Chadripital 175

Lead ingot 137, lead imported 139, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102