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Select base metals up on firm global cues

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Press Trust of India New Delhi

Select base metal prices rose by Rs 2 per kg on the local non-ferrous metal market today on pick up in industrial demand, amid a firm trend at the London Metal Exchange.

Traders said firming trend overseas and pick up in demand from domestic consuming industries mainly pushed up select base metal prices.

Meanwhile, copper for three-month rose by 1.1 per cent to 9,447 dollar a metric tonne, surpassing  the previous peak of 9,392 dollar reached on December 21.

Copper wire scrap, copper wire bar and copper mixed scrap were added another Rs 2 each Rs 470, Rs 494 and Rs 455 per kg, respectively.

Zinc ingot, lead ingot and lead imported were also traded higher by the same margin to Rs 134.50, Rs 137 and Rs 139 per kg.

Following were today's quotations in Rs per kg:

Tin ingot 820, zinc ingot 134.50, nickel plate (4x4) 1,015-1,017, gun metal scrap 226 bell metal scrap 228, copper wire scrap 468, copper wire bar 492, copper mixed scrap 453, Utensil scrap 224, Chadripital 175.

Lead ingot 137, lead imported 139, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102.

 

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First Published: Dec 29 2010 | 3:51 PM IST

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