Copper remains weak on reduced industrial offtake

NEW DELHI, Jan 4: In restricted activity, copper remained weak for the second straight day and prices shed Rs 2 per kg on the local non-ferrous base metals market today due to reduced industrial offtake.
Traders said reduced demand from consuming industries put pressure on copper prices.
In the national capital, copper mixed scrap declined further by Rs 2 to Rs 423 per kg.
The following are today’s metal rates per kg:
Zinc ingot 107-113, nickel plate (4×4) 1,070-1,071 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 423, chadri deshi 285.
Lead ingot 134, lead imported 132, aluminium ingots 150, Aluminium sheet cutting 151, aluminium wire scrap 153 and aluminium utensils scrap 150. (AGENCIES)