Zinc, copper strengthen on global cues

Zinc and copper prices moved up by Rs 2 kg at the local non-ferrous market today on increased buying by stockists, tracking a firming global trend.
Traders said sentiment turned better after zinc rebound from five- month low at the London Metal Exchange as weakening dollar made commodities priced in greenbacks more attractive to investors.
Meanwhile, zinc for delivery in three months gained 0.4 per cent to USD 2,187.75 a metric tonne on the London Metal Exchange.
In the national capital, zinc ingot and copper mixed scrap were higher by Rs 2 each to Rs 112-118 and Rs 417 per kg respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot 112-118, Nickel plate (4x4) 1,082-1,088, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 417, Chadri deshi 285.
Lead ingot 100, Lead imported 101, Aluminium ingots 162, Aluminium sheet cutting 163, Aluminium wire scrap 165 and Aluminium utensils scrap 162.