Select base metals slide on weak Asian cues

Select base metals prices fell up to Rs 5 per kg at the non-ferrous metals market today largely on weak Asian cues amid sluggish demand from consuming industries.
Traders said sentiment turned bearish due to a weakening trend in base metals pack in Shanghai after data from China showed industrial profits declined again, underscoring a manufacturing slowdown in the biggest metals consumer.
At Shanghai, nickel prices fell 0.8 per cent to 68,600 yuan (USD 10,619) a metric tonne.
In the national capital, nickel plate (4x4) and copper fell by Rs 5 and Rs 2 to Rs 842-847 and Rs 351 per kg respectively. Lead ingots, lead imported and zinc ingots also enquired lower by Rs 2 each to Rs 80, Rs 86 and Rs 96-102 per kg respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 96-102, Nickel plate (4x4) Rs 842-847, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 351, Chadri deshi Rs 295.
Lead ingot Rs 80, lead imported Rs 86, aluminium ingots Rs 142, aluminium sheet cutting Rs 138, aluminium wire scrap Rs 138 and aluminium utensils scrap Rs 136.