Copper weakens on global cues
Copper prices eased by Rs 2 per kg at the non-ferrous metal market today, tracking a weak trend overseas amid tepid demand from consuming industries.
Traders said besides weak overseas cues in a reaction to a stronger dollar and a series of disappointing economic reports from China, amid subdued demand from consuming industries at domestic spot market mainly weighed on copper prices.
Globally, copper for three-month delivery declined 0.3 per cent to settle at USD 6,379 per tonne on the London Metal Exchange in yesterday's trade.
In the national capital, copper mixed scrap shed Rs 2 to Rs 351 per kg.
Following are today's metal rates (in Rs per kg): Zinc ingot Rs 104-110, Nickel plate (4x4) Rs 770-780, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 351, chadri deshi Rs 295.
Lead ingot Rs 102, lead imported Rs 108, 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.)
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