NEW DELHI: After a two-day decline, base metal prices rebounded by up to Rs 3 per kg in the local non-ferrous metals market today largely on the back of a firming global trend.
Sentiment turned better after copper gained in global markets as rising premium for immediate-delivery metal in China signaled a revival in demand.
Meanwhile, copper for the delivery in three months advanced 0.4 per cent to $ 8,263.50 a tonne on the London Metal Exchange.
In the national capital, copper mixed scrap, zing ingot, lead ingot and lead imported were up by Rs 2 each to Rs 394, Rs 115-121, Rs 128 and Rs 126 per kg, respectively.
Nickel (4x4) followed suit and edged up by Rs 3 to Rs 1,080-1,082 per kg.
The following are metal rates per kg: Zinc ingot 115-121, nickel plate (4x4) 1,080-1,082, gun metal scrap 226, bell metal scrap 228, copper mixed scrap 394, chadri deshi 285.
Lead ingot 128, lead imported 126, aluminium ingots 124, sheet cutting 126, aluminium wire scrap 130 and aluminium utensils scrap 125.
