Select base metals prices up on global cues

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Press Trust of India New Delhi
Last Updated : Feb 15 2016 | 2:22 PM IST
Copper and zinc strengthened and prices rose by Rs 2 per kg at the non-ferrous metals market today largely on firm global trend.
Traders attributed rise in select base metals on firm global trend where copper rallied with other metals after China's central bank chief said there's no basis for a sustained depreciation of the yuan, fueling the biggest rally for the currency in more than a decade.
Meanwhile, copper advanced 2.5 per cent to USD 4,602.50 a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) rose by Rs 2 each to Rs 347 and Rs 825-830 per kg respectively. Zing ingots, lead ingot and lead imported were up by Rs 2 each to Rs 94-100, Rs 82 and Rs 88 per kg respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 94-100, Nickel plate (4x4) Rs 825-830, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 347, Chadri deshi Rs 295.
Lead ingot Rs 82, lead imported Rs 88, aluminium ingots Rs 144, aluminium sheet cutting Rs 140, aluminium wire scrap Rs 140 and aluminium utensils scrap Rs 138.
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First Published: Feb 15 2016 | 2:22 PM IST

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