Select base metals rise on global cues

Select base metals prices rose by up to Rs 3 per quintal in the local non-ferrous metal market today on pick-up in industrial demand amid a firming trend at London Metal Exchange.

Traders said pick-up in industrial demand amid a firming trend at the London Metal Exchange mainly pushed up select base metal prices.  

The copper for three-month copper rose 0.5% to $9,119 a tonne on the London Metal Exchange. In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were up by Rs 2 each to Rs 505, Rs 528 and Rs 488 per kg, respectively. 

Nickel (4x4) followed suit and gained Rs 3 to Rs 1,043-1,045, while lead ingot and lead imported were enquired higher by a rupee each to Rs 141 and Rs 144 per kg, respectively.

Following were today's quotations in Rs per kg:

Tin ingot 841, zinc ingot 130.50, nickel plate (4x4) 1,043-1,045, gun metal scrap 226 bell metal scrap 228, copper wire scrap 505, copper wire bar 528, copper mixed scrap 488, Utensil scrap 224, Chadripital 175

Lead ingot 141, lead imported 144, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107