Copper and nickel weakened by Rs 2 per kg at the non-ferrous metal market today owing to slackened demand from consuming industries amid a weakening global trend.
Traders said sentiments remained subdued after copper fell for the fourth day and traded near the lowest in six years in global markets amid concern that a slowing economy in China will hurt demand in the world's biggest consumer and as a strong dollar makes metals less attractive as an asset.
Meanwhile, copper for delivery in three months slid 0.9 per cent at USD 5,073 a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) were down by Rs 2 each to Rs 368 and Rs 923-928 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 100-106, Nickel plate (4x4) Rs 923-928, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 368, Chadri deshi Rs 285.
Lead ingot Rs 96, Lead imported Rs 97, Aluminium ingots Rs 152, Aluminium sheet cutting Rs 153, Aluminium wire scrap Rs 155 and Aluminium utensils scrap Rs 152.
