Select base metals soften on sluggish demand

Prices of select base metal fell by up to Rs 5 per kg at the non-ferrous metal market today owing to slackened demand from consuming industries.

Traders said subdued demand from consuming industries at domestic spot market, mainly weighed on select base metal prices.

In the national capital, copper mixed scrap and nickel plate (4x4) declined by Rs 5 and Rs 2 to Rs 765-775 and Rs 380 per kg, respectively.

Lead ingot and lead imported also enquired lower by Rs 2 each to Rs 121 and Rs 127 per kg respectively.

Following are today's metal rates (in Rs per kg): Zinc ingot Rs 116-122, Nickel plate (4x4) Rs 765-775, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 380, chadri deshi Rs 295.

Lead ingot Rs 121, lead imported Rs 127, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)