Copper extends weakness on global cues, subdued demand

Copper fell further by Rs 2 per kg at the non-ferrous metal market today owing to weakening global trend amid sluggish demand from consuming industries.
Traders said sentiments in copper remained weak after it traded near its lowest close since 2009 in global markets as China's stock market rout continued, fuelling concern that the country's economic slowdown will hit demand for commodities in the world's biggest consumer of metals.
Meanwhile, copper for delivery in three months fell three per cent to USD 4,903 a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap shed Rs 2 at Rs 364 per kg.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 98-104, Nickel plate (4x4) Rs 915-920, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 364, Chadri deshi Rs 285.
Lead ingot Rs 94, Lead imported Rs 95, Aluminium ingots Rs 150, Aluminium sheet cutting Rs 151, Aluminium wire scrap Rs 153 and Aluminium utensils scrap Rs 150.