Select base metals rise on uptick in demand

Traders said pick up in demand from consuming industries at domestic spot market led to the rise in select base metal prices

Select base metals rise on uptick in demand
In the national capital, copper mixed scrap and nickel plate (4x4) went up by Rs 2 and Rs 5. Image source: Reuters
By PTI
Updated: Wed, Jan 31, 2018
02:55 pm
PTI

Select base metal prices rose by up to Rs 5 per kg at the non-ferrous metal market today on increased demand from consuming industries.

Traders said pick up in demand from consuming industries at domestic spot market led to the rise in select base metal prices.

In the national capital, copper mixed scrap and nickel plate (4x4) went up by Rs 2 and Rs 5 to Rs 404 and Rs 770-775 per kg, respectively.

Zinc ingot also enquired higher by Rs 2 to Rs 124-130 per kg.

Following are today's metal rates (in Rs per kg):

Zinc ingot Rs 124-130, Nickel plate (4x4) Rs 770-775, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 404, chadri deshi Rs 295.

Lead ingot Rs 123, lead imported Rs 129, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.