Copper weakens on weak global cues

Barring a fall in copper largely on weak global trends, other metal prices ruled steady on the local non-ferrous metal market today. 

Traders said reduced offtake by consuming industries amid weakening trend in overseas market mainly helped copper prices to trade at lower prices. 

Meanwhile, copper for three-month delivery fell 0.7 per cent to $9,820.75 a tonne on the London Metal Exchange.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap declined by Rs 2 each to Rs 518, Rs 541, and Rs 502 per kg, respectively.

Following were today's quotations per kg:

Tin ingot 838, zinc ingot 129.50, nickel plate (4x4) 1,063-1,065, gun metal scrap 226 bell metal scrap 228, copper wire scrap 518, copper wire bar 541, copper mixed scrap 502, Utensil scrap 224, Chadripital 175

Lead ingot 136, lead imported 138, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102