Prices of copper and zinc eased by Rs 2 per kg at the local non-ferrous metal market today on slackened demand from consuming industries amid a weak global trend.
Traders said sentiments turned bearish after copper fell in global markets as demand concerns mounted after Japan unexpectedly sank into a recession and US industrial production declined.
Meanwhile, copper for delivery in three months fell less than 0.1 per cent to USD 6,704 a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and zinc ingot were down by Rs 2 each to Rs 425 and Rs 116-122 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot 116-122, Nickel plate (4x4) 1,088-1,094, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 425, Chadri deshi 285.
Lead ingot 102, Lead imported 103, Aluminium ingots 164, Aluminium sheet cutting 165, Aluminium wire scrap 167 and Aluminium utensils scrap 164.
