Prices of copper and nickel strengthened by up to Rs 5 per kg at the non-ferrous metal market today on rising demand from consuming industries amid a firm trend overseas.
Traders said, besides pick-up in demand from consuming industries at domestic spot market, a firm trend overseas where copper climbed to a more than one-week high, finding support from stronger-than-expected manufacturing growth in top metals user China, mainly influenced sentiment here.
Globally, copper for delivery in three-month jumped by 1 per cent to USD 6,777 a tonne, having peaked at USD 6,802 a tonne, its highest since March 22 on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) gained another Rs 3 and Rs 5 to Rs 420 and Rs 820-825 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 126-132, nickel plate (4x4) Rs 820-825, gun metal scrap Rs 227, bell metal scrap Rs 229, copper mixed scrap Rs 420, chadri deshi Rs 295.
Lead ingot Rs 125, lead imported Rs 132, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.
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