NEW DELHI: Base metal prices remained weak for the second straight day and lost up to Rs 5 per kg in the local non-ferrous metal market today on sustained selling by stockists in tandem with a weak global trend.
Trading sentiment remained bearish after copper fell in global markets amid concerns that a slowdown in global economic growth will damp the demand for the metal.
Meanwhile, copper fell by 0.4 per cent to USD 9,078.25 a tonne and nickel shed 1.8 per cent to USD 21,670 a tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained under selling pressure and shed another Rs 2 each to Rs 513, Rs 536 and Rs 498, respectively. Nickel (4x4) followed suit and lost Rs 5 to Rs 1,070-1,072 per kg.
Zinc ingot, lead ingot and lead imported were also enquired lower by a rupee each to Rs 134.50, Rs 142 and Rs 147 per kg, respectively.
Following were today's quotations in Rs per kg: Tin ingot 836, zinc ingot 134.50, nickel plate (4x4) 1,070-1,072, gun metal scrap 226 bell metal scrap 228, copper wire scrap Rs 513, copper wire bar 536, copper mixed scrap 498, utensil scrap 224, chadripital 175.
Lead ingot 142, lead imported 147, aluminium ingots 112, sheet cutting 113, aluminium wire scrap 112 and aluminium utensils scrap 109.
