PTI reported that Indian copper remained weak for the second straight day and shed INR 2 more per kilogram on the local nonferrous metal market today largely on a weak global trend.
Marketmen said that beside a weak trend in global markets reduced offtake by consuming industries led to decline in copper prices. Meanwhile, copper for delivery in three months dropped by 1.2% to USD 8,239 per tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were remained weak and lost INR 2 each to INR 439, INR 463 and INR 424 per kilogram.
Following were today's quotations in INR per kilogram:
Tin ingot 815, zinc ingot 130.50, nickel plate 995 to 997, gun metal scrap 226 bell metal scrap 228, copper wire scrap 439, copper wire bar 463, copper mixed scrap 424, Utensil scrap 224, Chadripital 175. Lead ingot 134, lead imported 136, aluminum ingots 102, sheet cutting 105, aluminum wire scrap 102 and aluminum utensils scrap 102.
（Sourced from Press Trust of India）
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