Select base metals, led by copper recovered up to Rs 5 per kg in the local non-ferrous metal market today on emergence of buying by stockists in tandem with a firming trend at the London Metal Exchange (LME).
Sentiment turned firm after copper rose to the highest level in almost five months in London, as weak dollar made metals cheaper for buyers holding other currencies.
Meanwhile, copper for the three-month contract on the London Metal Exchange gained 0.8 per cent to 7,762 a metric tonne on the London Metal Exchange, the highest price since April 27.
Zinc advanced 1.2 per cent to $2,174.25, lead by 1.7 per cent to $2,240 and nickel by 0.5 per cent to $23,365 at LME.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap gained Rs 5 each to Rs 395, Rs 414 and Rs 375, while nickel (4x4) also traded higher by the same margin at Rs 920-924 per kg, respectively.
Zinc ingot, lead ingot and lead imported also traded in positive zone with a rise of Rs 2 each to Rs 125.50, Rs 128 and Rs 130 per kg.
Following were today's quotations in Rs per kg:
Tin ingot 800, zinc ingot 125.50, nickel plate (4x4) 920- 924, gun metal scrap 226 bell metal scrap 228, copper wire scrap 395, copper wire bar 414, copper mixed scrap 375.00, Utensil scrap 224, Chadripital 175
Lead ingot 128, lead imported 130, aluminium ingots 100, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100
