Select base metals remain weak on subdued demand

Image
Press Trust of India New Delhi
Last Updated : Feb 22 2017 | 3:02 PM IST
Select base metal prices fell further by up to Rs 5 per kg at the non-ferrous metal market today on the back of tepid demand from consuming industries at domestic spot market.
Traders said easing demand from consuming industries at domestic spot market and weak trend overseas mainly kept pressure on select base metal prices.
In the national capital, copper mixed scrap and nickel plate (4x4) fell by Rs 2 and Rs 5 to Rs 363 and Rs 805-810 kg respectively.
Lead ingot and lead imported also traded lower by Rs 2 each to Rs 93 and Rs 99 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 106-112, Nickel plate (4x4) Rs 805-810, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 363, chadri deshi Rs 295.
Lead ingot Rs 93, lead imported Rs 99, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 22 2017 | 3:02 PM IST

Next Story