NEW DELHI: Base metal prices fell up to Rs 5 per kg on the local non-ferrous metals market today on stockists selling in tandem with a weak Asian trend.
Traders said sentiment turned bearish after copper slumped to an eight-month low in Shanghai as a key gauge of Chinese manufacturing missed estimates, stoking concern demand in the biggest consuming nation is slowing.
Meanwhile, copper for delivery in July fell 2 per cent to close at USD 8,656 a tonne, the lowest level since July 25 on the Shanghai Futures Exchange.
In the national capital, copper and nickel (4x4) fell Rs 5 each to Rs 432 and Rs 1,052-1,055 per kg, respectively.
Zinc ingot, lead ingot and lead imported were also traded lower by Rs 2 each to Rs 123-129, Rs 142 and Rs 140 per kg, respectively.
The following are metal rates per kg: Zinc ingot 123-129, nickel plate (4x4) 1,052-1,055, gun metal scrap 227, bell metal scrap 229, copper mixed scrap 432, chadri deshi 285.
Lead ingot 142, lead imported 140, aluminium ingots 142, sheet cutting 143, aluminium wire scrap 146 and aluminium utensils scrap 142.
