NEW DELHI, June 10: Select base metals, copper and zinc, fell by Rs 2 per kg on the local non-ferrous metal market today largely on weak global trend.
Sentiments turned bearish after copper fell in global markets as China’s trade and industrial production trailed estimates and on prospects that the Federal Reserve will scale back stimulus.
Meanwhile, copper for delivery in three months fell by 1.2 per cent to USD 7,146 a tonne, the lowest since May 16 on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel (4×4) declined by Rs 2 each to Rs 414 and Rs 1,045-1,048 per kg, respectively.
Zinc ingot, lead ingot and lead imported were also traded lower by the same margin to Rs 109-115, Rs 139 and Rs 137 per kg, respectively.
The following are today’s metal rates per kg:
Zinc ingot 109-115, nickel plate (4×4) 1,045-1,048 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 414, chadri deshi 285.
Lead ingot 139, lead imported 137, aluminium ingots 142, sheet cutting 143, aluminium wire scrap 146 and aluminium utensils scrap 142. (PTI)
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