Select base metals strengthen on industrial demand

Select base metal prices strengthened up to Rs 3 per kg on the local non-ferrous metal market today on increased demand from consuming industries.

Traders said increased demand from consuming industries mainly helped base metal prices to rise.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were  up by Rs 2 each to Rs 517, Rs 540 and Rs 500 per kg, respectively. 

Nickel (4x4) and zinc ingot followed suit and traded higher by the same margin to Rs 132.50 and Rs 1,060-1,062 per kg, respectively.

Following were today's quotations in Rs per kg:  

 

Tin ingot 835, zinc ingot 132.50, nickel plate (4x4) 1,060-1,062, gun metal scrap 226 bell metal scrap 228, copper wire scrap 517, copper wire bar 540, copper mixed scrap 500, utensil scrap 224, chadripital 175

Lead ingot 142, lead imported 145, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107