Select base metals strengthen on increased demand

NEW DELHI, Aug 30: Select base metals prices strengthened by upto Rs 3 per kg at the local non-ferrous metals market today on increased demand from consuming industries.

Traders said besides increased demand from consuming industries, reports of a firming global trend mainly influenced select base metal prices.

In the national capital, Aluminium ingots, sheet cutting, wire scrap and utensils scrap were enquired higher by Rs 2 each at Rs 164, Rs 165, Rs 167 and Rs 164 per kg respectively.

Copper mixed scrap and nickel (4×4) also gained Rs 2 and Rs 3 to Rs 432 and Rs 1,094-1,100 per kg respectively.

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

Zinc ingot 112-118, Nickel plate (4×4) 1,094-1,100, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 432, Chadri deshi 285.

Lead ingot 109, Lead imported 107, Aluminium ingots 164, Aluminium sheet cutting 165, Aluminium wire scrap 167 and Aluminium utensils scrap 164. (PTI)