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Copper, zinc soften on reduced industrial demand

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Press Trust of India New Delhi
Prices of copper and zinc eased by Rs 2 per kg at the local non-ferrous metals market today due to reduced offtake by industrial units.

However, other metals traded in a narrow range in limited deals and settled around previous levels.

Traders said fall in demand from consuming industries mainly led to the fall in copper and zinc prices.

In the national capital, copper mixed scrap and zinc ingot were down by Rs 2 each to Rs 432 and Rs 113-119 per kg respectively.

Following are today's metal rates (in Rs per kg):

Zinc ingot 113-119, Nickel plate (4x4) 1,086-1,092, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 432, Chadri deshi 285.
 

Lead ingot 113, Lead imported 111, Aluminium ingots 159, Aluminium sheet cutting 160, Aluminium wire scrap 162 and Aluminium utensils scrap 159.

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First Published: Jul 31 2014 | 3:42 PM IST

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