Copper price remained weak and prices shed another Rs 2 per kg on the local non-ferrous metal market today, in tandem with a weakening trend in New York.
The trading sentiment in copper remained bearish after it declined in New York as it reopened after the Christmas holiday on concern that a slowdown in China, the biggest user, may curb demand growth next year.
Meanwhile, copper rates for for March delivery fell by 3 per cent to 3.365 dollar per pound on the comex. In the national capital, copper mixed scrap remained weak and shed another Rs 2 to Rs 385 per kg.
The following are metal rates (in Rs per kg):
Zinc ingot 126-132.50, nickel plate (4x4) 1,068-1,070, gun metal scrap 226, bell metal scrap 228, copper mixed scrap 385, chadri deshi 285.
Lead ingot 132, lead imported 130, aluminium ingots 122, sheet cutting 124, aluminium wire scrap 128 and aluminium utensils scrap 123.
