Base metals harden, in sync with global trend

Prices of select base metals strengthened by Rs 2 per kg at the non-ferrous metal market today largely in line with a firming trend in global market.
Traders said sentiment remained firm after copper rose in global markets as better-than-expected US new home sales and gains in Chinese industrial profits boosted the outlook for demand.
Meanwhile, copper for delivery in three months rose 0.4 per cent to USD 6,133.50 a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) advanced by Rs 2 each to Rs 404 and Rs 1,022-1,027 per kg, respectively.

Zinc ingot, lead ingot and lead imported were also trading higher by a similar margin at Rs 114-120, Rs 108 and Rs 109 per kg, respectively.
Aluminium ingots, sheet cutting, wire scrap and utensils scrap too turned higher by Rs 2 each at Rs 156, Rs 157, Rs 159 and Rs 156 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 114-120, Nickel plate (4x4) Rs 1,022-1,027, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 404, Chadri deshi Rs 285.
Lead ingot Rs 108, Lead imported Rs 109, Aluminium ingots Rs 156, Aluminium sheet cutting Rs 157, Aluminium wire scrap Rs 159 and Aluminium utensils scrap Rs 156.