Prices of copper and zinc shed Rs 2 per kg at the non-ferrous metals market today, tracking a weak trend in select base metals at the London Metal Exchange (LME) amid slackened demand from consuming industries.
Traders said sentiments turned bearish after copper fell from over two-month high at the LME as mines resumed operations after flooding in Chile, the world's largest producer, and as industrial profits extended declines in China, the biggest consumer.
Meanwhile, copper for delivery in three months dropped 1.4 per cent to USD 6,087 a metric tonne at the LME.
In the national capital, copper mixed scrap and zinc ingot declined by Rs 2 each to Rs 408 and Rs 116-122 per kg, respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 116-122, Nickel plate (4x4) Rs 1,052-1,057, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 408, Chadri deshi Rs 285.
Lead ingot Rs 99, Lead imported Rs 100, Aluminium ingots Rs 160, Aluminium sheet cutting Rs 161, Aluminium wire scrap Rs 163 and Aluminium utensils scrap Rs 160.
