Lead, zinc decline on reduced offtake

Lead and zinc prices traded marginally lower on the local non-ferrous metal market today owing to slackness in demand.

Traders said adequate stocks against sluggish demand from consuming industries mainly led to decline in lead and zinc prices.

In the national capital, zinc ingot, lead ingot and lead imported were down by Re 1 each to Rs 130.50, Rs 135 and Rs 137 per kg, respectively.

Following were today's quotations in Rs per kg:

Tin ingot 820, zinc ingot 130.50, nickel plate (4x4) 1,020-1,022, gun metal scrap 226 bell metal scrap 228, copper wire scrap 478, copper wire bar 501, copper mixed scrap 462, Utensil scrap 224, Chadripital 175

Lead ingot 135, lead imported 137, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102