Base metal prices drifted lower by up to Rs 3 per kg at the non-ferrous metals market Monday, tracking a weak trend overseas.
Traders said sentiment turned bearish after copper was delivery in three months at the London Metal Exchange (LME) was down 1.9 per cent at USD 5,861 per tonne on reports that US tariffs on USD 200 billion of Chinese goods could be imposed immediately, raising fears that demand for industrial metals will soften.
Also, the most-traded November copper contract on the Shanghai Futures Exchange slipped 1.4 per cent to 47,940 yuan (USD 6,977.86) a tonne.
In the national capital, copper mixed scrap and nickel plate (4x4) fell by Rs 2 and Rs 3 to Rs 445 and Rs 937-939 per kg, respectively.
Lead ingot and lead imported also shed Rs 2 each at Rs 150 and Rs 157 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app