Copper extends losses on weak global cues

Falling for the second day, copper prices shed another Rs 2 per kg at the non-ferrous metal market today, tracking a weakening global trend.
Traders said sentiments remained bearish after copper headed for a third monthly loss in global markets as a surging dollar and speculation that demand in China remained weak put the metal on course for the biggest drop since January.
Meanwhile, copper for delivery in three months fell 0.3 per cent to USD 5,245.50 a tonne on the London Metal Exchange.
In the national capital, copper mixed scrap remained under selling pressure and shed another Rs 2 at Rs 392 per kg.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 106-112, Nickel plate (4x4) Rs 945-950, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 392, Chadri deshi Rs 285.
Lead ingot Rs 100, Lead imported Rs 101, Aluminium ingots Rs 156, Aluminium sheet cutting Rs 157, Aluminium wire scrap Rs 159 and Aluminium utensils scrap Rs 156.