Select base metals strengthen on global cues, spot demand

Tracking a firm trend overseas and pick up in demand from consuming industries at domestic spot market, select base metal prices rose by Rs 2 per kg at the non-ferrous metal market today.
Sentiments turned better as buying activity picked up after copper rallied with other industrial metals in global markets, after US jobs data burnished sentiment toward the world's biggest economy, traders said.
Meanwhile, copper for delivery in three-month rose 0.8 per cent to USD 4,829 a metric tonne on the London Metal Exchange.
Besides, uptick in demand from consuming industries in the domestic spot market supported the upside, they said.

In the national capital, copper mixed scrap and nickel plate (4x4) rose by Rs 2 each to Rs 379 and Rs 848-853 per kg respectively.
Zinc ingot, lead ingots and lead imported were also enquired higher by a similar margin to Rs 107-113, Rs 92 and Rs 98 per kg respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 107-113, Nickel plate (4x4) Rs 848-853, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 379, chadri deshi Rs 295.
Lead ingot Rs 92, lead imported Rs 98, aluminium ingots Rs 156, aluminium sheet cutting Rs 152, aluminium wire scrap Rs 152 and aluminium utensils scrap Rs 150.