Aluminium, copper trade higher on global cues

Aluminium and copper prices firmed up by Rs 2 per kg on the local non-ferrous base metals market today on stockists buying amid a firming global trend.
Traders said sentiment turned better after aluminum advanced on concern that global supply will be limited on longer delays to take delivery from warehouse and production cuts.
Meanwhile, aluminium for delivery in three months was little changed at 1,831.75 dollar a metric tonne on the London Metal Exchange.
In the national capital, aluminium ingot, aluminium sheet cutting, aluminium wire scrap and aluminium utensils scrap were up by Rs 2 each to Rs 148, Rs 149, Rs 151 and Rs 148 per kg respectively.Copper mixed scrap also moved up by Rs 2 to Rs 442 per kg.

The following were today's metal rates per kg:
Zinc ingot 117-123, nickel plate (4x4) 1,064-1,065 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 442, chadri deshi 285.
Lead ingot 128, lead imported 126, aluminium ingots 148, Aluminium sheet cutting 149, aluminium wire scrap 151 and aluminium utensils scrap 148.