Zinc, copper soften on lower global trend

Prices of zinc and copper fell by Rs 2 per kg at the local non-ferrous metals market today on bearish global trend amid subdued demand from consuming industries.
Traders said sentiments remained weak after zinc declined in the overseas markets on speculation that the dollar's strength will slow demand for the metal and an increase in stockpiles.
Meanwhile, zinc for delivery in three months retreated 0.8 per cent to USD 2,364 a metric tonne on the London Metal Exchange.
In the national capital, zinc ingot and copper mixed scrap were down by Rs 2 each to Rs 113-119 and Rs 430 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot 113-119, Nickel plate (4x4) 1,088-1,094, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 430, Chadri deshi 285.
Lead ingot 109, Lead imported 107, Aluminium ingots 159, Aluminium sheet cutting 160, Aluminium wire scrap 162 and Aluminium utensils scrap 159.