ET:Base metals remain weak on reduced industrial demand
NEW DELHI: Base metal prices fell up to Rs 5 per kg on the local non-ferrous metals market today, owing to slackened industrial demand and reports of weakening global trend.
Traders said besides fall in industrial demand and reports of weakening global trend mainly kept pressure on base metal prices.
In the national capital, copper mixed scrap and zing ingot declined by Rs 2 each to Rs 396 and Rs 112-118, while nickel (4x4) followed suit and shed Rs 5 at Rs 1,057-1,060 per kg, respectively.
Lead ingot and lead imported were also traded lower by Rs 2 each to Rs 134 and Rs 132 per kg, respectively.
The following are metal rates per kg: Zinc ingot 112-118, nickel plate (4x4) 1,057-1,060, gun metal scrap 226, bell metal scrap 228, copper mixed scrap 396, chadri deshi 285.
Lead ingot 134, lead imported 132, aluminium ingots 124, sheet cutting 126, aluminium wire scrap 130 and aluminium utensils scrap 125.
