Copper, zinc rise on positive global cues

Copper and zinc prices gained up to 5 per kg in the non-ferrous metal market today on increased buying by stockists, influenced by a firming trend in overseas markets.

Sentiment turned better, as copper gained after a slump in overseas markets on purchases by investors expecting demand to improve as the seasonally weak consumption period ends.

Meanwhile, copper for the three-month delivery rose 0.9 per cent to $7,200 and zinc by 1.1 per cent to $2,013.50 a metric tonne on the London Metal Exchange.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were strengthened by Rs 5 each to Rs 377, Rs 396 and Rs 357, while zinc ingot up by Rs 2 to 120.50 per kg, respectively.

 

Following were today's quotations in Rs per kg:

Tin ingot 795, zinc ingot 120.50, nickel plate (4x4) 898 -902, gun metal scrap 226 bell metal scrap 228, copper wire scrap 377, copper wire bar 396, copper mixed scrap 357.00, Utensil scrap 224, Chadripital 175

Lead ingot 117, lead imported 120, aluminium ingots 100, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100