Select base metals strengthen on increased demand, global cues

Select base metals prices rose by upto Rs 2 per kg at the non-ferrous metal market today on increased demand from consuming industries at domestic spot market amid firm global trend.
Traders said besides increased demand from consuming industries, a better trend overseas after China's official factory gauge unexpectedly rose last month to the highest level in almost two years, signaling an improved demand outlook in the world's top metal user, led to the uptrend.
Meanwhile, nickel for delivery in three month rose 0.9 per cent to USD 9,855 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 374 and Rs 841-846 per kg respectively.Zinc ingot also traded higher by Re 1 to Rs 109-115 per kg.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 109-115, Nickel plate (4x4) Rs 841-846, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 374, chadri deshi Rs 295.
Lead ingot Rs 95, lead imported Rs 101, aluminium ingots Rs 156, aluminium sheet cutting Rs 152, aluminium wire scrap Rs 152 and aluminium utensils scrap Rs 150.