Copper and base metals regained strength to trade up to Rs 2 per kg higher on the wholesale non-ferrous metal market today on fresh buying by stockists following pick up in industrial demand and firming trend overseas.
Buying activity in base metals picked up after copper recovered for the first time in three days in Asia after a two-week low on purchases by Chinese traders.
Marketmen said apart from firming trend at the London Metal Exchange, fresh buying by stockists on pick up in demand from consuming industries mainly attributed the rise in base metal prices.
Meanwhile, copper for three-month delivery rose 1 per cent to $6,551 a metric tonne on the London Metal Exchange. In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were rebounded by Rs 2 each Rs 360, Rs 379 and Rs 338 per kilo, respectively.
Zinc ingot, lead ingot and lead imported were also traded higher by a rupee each at Rs 119.50, Rs 115.50 and Rs 118.50 per kg.
Following are today's quotations in Rs per kg:
Tin ingot 795, zinc ingot 119.50, nickel plate (4x4) 860-974, gun metal scrap 226 bell metal scrap 228, copper wire scrap 360, copper wire bar 379, copper mixed scrap 338.00, Utensil scrap 224, Chadripital 175
Lead ingot 115.50, lead imported 118.50, aluminium ingots 100, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100
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