Select base metals strengthen on global cues

Select base metal prices strengthened up to Rs 2 per kg on the local non-ferrous metal market today on increased offtake by consuming industries, amid a firm trend at the London Metal Exchange (LME).

Meanwhile, copper for the three-month delivery rose 0.8 per cent to $8,313 and zinc increased by 0.9 per cent to $2,140 a tonne on the LME. 

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained in demand and added another Rs 2 each to Rs 446, Rs 470 and Rs 431 per kg, respectively. 

Similarly, zinc ingot, lead ingot and lead imported were enquired higher by Re 1 each to Rs 132.50, Rs 136 and Rs 138 per kg, respectively. 

Following are today's quotations in Rs per kg:

Tin ingot 815, zinc ingot 132.50, nickel plate (4x4) 1,000-1,002, gun metal scrap 226 bell metal scrap 228, copper wire scrap 446, copper wire bar 470, copper mixed scrap 431, Utensil scrap 224, Chadripital 175

Lead ingot 136, lead imported 138, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102