Copper edges up on uptick in demand

Copper prices edged higher by Rs 2 per kg at the non-ferrous metal market today following pick up in demand from consuming industries coupled with a firm global cues.
Traders said besides pick up in demand from consuming industries, a better trend overseas as strong economic data from China fueled speculation that demand will strengthen in the Asian nation, the world's largest metals consumer, mainly led to the rise in copper prices.
Globally, copper for delivery in three months rose 2.6 per cent, the biggest increase since June 15 to USD 4,771.50 per tonne at the London Metal Exchange in yesterday's trade.

In the national capital, copper mixed scrap was up by Rs 2 to Rs 377 per kg.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 107-113, Nickel plate (4x4) Rs 840-845, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 377, chadri deshi Rs 295.
Lead ingot Rs 91, lead imported Rs 97, aluminium ingots Rs 156, aluminium sheet cutting Rs 152, aluminium wire scrap Rs 152 and aluminium utensils scrap Rs 150.