Aluminium edges up on Asian cues

Aluminium prices were higher by Rs 2 per kg at the non-ferrous market today largely on firm Asian cues.
Traders said buying activity in aluminium picked up as it traded at the highest level in five months in China after the world's second-largest economy showed signs of stabilising, bolstering the outlook for demand for metals.
Meanwhile, aluminum rose 1.3 per cent to 11,670 yuan (USD 1,789.71) a metric tonne, the highest intra-day level since October 12 on the Shanghai Futures Exchange. However, the London Metal Exchange is closed for a public holiday.
In the national capital, aluminium ingots, sheet cutting, wire scrap and utensil scrap enquired higher by Rs 2 each to Rs 148, Rs 144, Rs 144 and Rs 142 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 98-104, Nickel plate (4x4) Rs 838-843, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 363, Chadri deshi Rs 295.
Lead ingot Rs 85, lead imported Rs 91, aluminium ingots Rs 148, aluminium sheet cutting Rs 144, aluminium wire scrap Rs 144 and aluminium utensils scrap Rs 142.