NEW DELHI, Sept 18: Prices of copper and nickel shed another Rs 2 per kg at the non-ferrous metal market today in tandem with a weakening global trend.
Sentiment remained bearish as copper retreated in global markets after the Federal Reserve’s delay in increasing interest rates signalled concern over rising international risks and recent market turmoil.
Meanwhile, copper for delivery in three month lost 1.1 per cent to USD 5,330 a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4×4) remained under selling pressure and shed another Rs 2 each to Rs 348 and Rs 898-903 per kg, respectively.
Following are today’s metal rates (in Rs per kg):
Zinc ingot Rs 102-108, Nickel plate (4×4) Rs 898-903, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 348, Chadri deshi Rs 285.
Lead ingot Rs 96, Lead imported Rs 97, Aluminium ingots Rs 150, Aluminium sheet cutting Rs 151, Aluminium wire scrap Rs 153 and Aluminium utensils scrap Rs 150. (PTI)
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