NEW DELHI: Base metals traded lower by up to Rs 2 in a lacklustre trade on the local non-ferrous metal market on selling by stockists influenced by a weakening global trend.
Trading sentiment turned bearish after copper declined in global markets as industrial metals fell on concerns that China's efforts to tame inflation even as the economy slows may reduce demand.
Selling emerged in base metals on the domestic front after copper for three-month delivery retreated 0.9 per cent to USD 9,188 a metric tonne on the London Metal Exchange.
Besides, subdued demand from consuming industries at prevailing levels also dampened the trading sentiment.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap shed Rs 2 each to Rs 523, Rs 546 and Rs 508, while nickel (4x4) followed suit and traded lower by the same margin to Rs 1,080-1,082 per kg, respectively.
Tin ingot, zinc ingot, lead ingot and lead imported were also traded lower by rupee one each to Rs 834, Rs 135.50, Rs 144 and Rs 149 per kg, respectively.
Following were today's quotations in Rs per kg: Tin ingot 834, zinc ingot 135.50, nickel plate (4x4) 1,080-1,082, gun metal scrap 226 bell metal scrap 228, copper wire scrap Rs 523,copper wire bar 546, copper mixed scrap 508, utensil scrap 224, chadripital 175.
Lead ingot 144, lead imported 149, aluminium ingots 112, sheet cutting 113, aluminium wire scrap 112 and aluminium utensils scrap 109.
