Select base metals remain up on global cues

Select base metals remained firm and prices rose further up to Rs 3 per kg in the local non-ferrous metal market today on firm global cues.

Traders said increased industrial demand and reports of rising trend in base metals at the London Metal Exchange mainly pushed up select base metal prices.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained in demand and added Rs 2 each to Rs 514, Rs 537 and Rs 497, respectively, while nickel (4x4) traded higher by Rs 3 to Rs 1,071-1,073 per kg.

Zinc also advanced by a rupee to Rs 139.50 per kg.

Following were today's quotations Rs per kg: 

Tin ingot 850, zinc ingot 139.50, nickel plate (4x4) 1,071-1,073, gun metal scrap 226 bell metal scrap 228, copper wire scrap 514, copper wire bar 537, copper mixed scrap 497, Utensil scrap 224, Chadripital 175

Lead ingot 145, lead imported 148, aluminium ingots 109, sheet cutting 110, aluminium wire scrap 110 and aluminium utensils scrap 107