Prices of zinc and lead were down by Rs 2 per kg at the local non-ferrous metals market today on reduced offtake by industrial units amidst weak global trend.
Marketmen said sentiment turned bearish after zinc fell from the highest since February last year as some investors judged the recent rally as excessive, spurring selling.
Meanwhile, zinc for delivery in three months retreated by 0.6 per cent, the most since June 24, to USD 2,204 a tonne on the London Metal Exchange.
In the national capital, zinc ingot, lead ingot and lead imported were down by Rs 2 each to Rs 111-117, Rs 115 and Rs 113 per kg, respectively.
Following are today's metal rates (in Rupees per kg):
Zinc ingot 111-117, Nickel plate (4x4) 1,094-1,100, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 446, Chadri deshi 285. Lead ingot 115, Lead imported 113, Aluminium ingots 155, Aluminium sheet cutting 156, Aluminium wire scrap 158 and Aluminium utensils scrap 155.
