Copper turns weak on global cues

Copper prices declined by Rs 2 per kg in the local non-ferrous metals market today after a weakening global trend and fall in industrial demand.

Trading sentiment in copper dampened, as the prices fell in global markets.

Meanwhile, copper for delivery in three months declined by 0.6 per cent to $6,939 a metric tonne on the London Metal Exchange.

Copper wire scrap, copper wire bar and copper mixed scrap were down by Rs two each to Rs 361, Rs 380 and Rs 344 per kg, respectively.
    
Following were today's quotations in Rs per kg:
    
Tin ingot 795, zinc ingot 127.00, nickel plate (4x4) 890- 1,004, gun metal scrap 226 bell metal scrap 228, copper wire scrap 361, copper wire bar 380, copper mixed scrap 340.00, Utensil scrap 224, Chadripital 175.
     
Lead ingot 123, lead imported 126, aluminium ingots 100, sheet cutting 101, aluminium wire scrap 100 and aluminium utensils scrap 100.