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Select metal prices trade lower on global cues

Select base metal prices fell by up to Rs 5 per kg in the local non-ferrous metals market.

Select base metal prices fell by up to Rs 5 per kg in the local non-ferrous metals market today on emergence of selling by stockists in line with a weak global trend.

Marketmen said stockists selling in line with a weak trend in base metals at the London Metal Exchange mainly influenced the sentiment.

Copper retreated 0.9 per cent to USD 8,308 a tonne on the London Metal Exchange.

In the national capital,zinc ingot and nickel (4×4) fell by Rs 2 and Rs 5 to Rs 107- 111 and Rs 1,030-1,033 per kg,respectively.

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Copper mixed scrap,lead ingot and lead imported also traded lower by Rs 2 each to Rs 393 and Rs 133 and Rs 131 per kg,respectively.

The following are metal rates per kg: Zinc ingot 107-111, nickel plate (4×4) 1,030-1,033,gun metal scrap 227,bell metal scrap 229,copper mixed scrap 393,chadri deshi 285. Lead ingot 133,lead imported 131,aluminium ingots 127, sheet cutting 128,aluminium wire scrap 134 and aluminium utensils scrap 127.

First published on: 17-09-2012 at 05:49:48 pm
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