Copper strengthens on industrial demand

Copper prices strengthened by Rs 2 per kg on the local non-ferrous metal market today on sustained buying by stockists following pick up in industrial demand.  

Other metals, including nickel and lead, however, settled at around previous closing levels. Traders said increased buying by stockists following pick up in industrial demand, helped copper prices to trade higher.  

Copper wire scrap, copper wire bar and copper mixed scrap gained another Rs 2 each to Rs 523, Rs 546 and Rs 508 per kg respectively.

Following are today's quotations in Rs per kg:

Tin ingot 835, zinc ingot 136.50, nickel plate (4x4) 1,070-1,072, gun metal scrap 226 bell metal scrap 228, copper wire scrap Rs 523, copper wire bar 546, copper mixed scrap 508, utensil scrap 224, chadripital 175

 

Lead ingot 145, lead imported 150, aluminium ingots 112, sheet cutting 113, aluminium wire scrap 112 and aluminium utensils scrap 109