New Delhi, Oct 31 (PTI) Base metals turned weak with prices falling up to Rs 5 per kg on the local non-ferrous metal market today, due to a weak trend at the London Metal Exchange (LME).
Trading sentiments in base metals turned bearish after Copper and other base metals weakened in London on speculation China''s demand may slow as the government keeps lending curbs.
Meanwhile, copper fell by 2.8 per cent to USD 7,950 and lead by 3.7 per cent to USD 2,012 a tonne on the LME.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap declined by Rs 2 each to Rs 487, Rs 510 and Rs 472 per kg respectively. Nickel (4x4) and tin ingot followed suit and shed Rs 5 each to Rs 1,023-1,025 and Rs 806 per kg, respectively.
In line with a general weakening trend, zinc ingot, lead ingot and lead imported were down by Rs 2 each to Rs 123.50, Rs 126 and Rs 131 per kg, respectively.
The following were today''s quotations in Rs per kg:
Tin ingot 806, zinc ingot 123.50, nickel plate (4x4) 1,023-1,025, gun metal scrap 226 bell metal scrap 228, copper wire scrap Rs 487, copper wire bar 510, copper mixed scrap 472, utensil scrap 224, chadripital 175.
Lead ingot 126, lead imported 131, aluminium ingots 108, sheet cutting 109, aluminium wire scrap 110 and aluminium utensils scrap 105.
