NEW DELHI: In limited deals, copper prices declined by Rs 2 per kg on the local non-ferrous metals market today largely in line with a weak Asian trend.
Traders attributed the fall in copper to a weak Asian trend on speculation that Chinese leaders' tolerance for a slower growth rate will curb demand growth at the largest user.
Meanwhile, copper for delivery in September fell 1.3 per cent to 52,230 yuan ($ 8,529) a tonne on the Shanghai Futures Exchange, while the London Metal Exchange remained closed for a public holiday.
In the national capital, copper mixed scrap fell by Rs 2 to Rs 414 per kg.
The following were today's metal rates per kg: Zinc ingot 113-119, nickel plate (4x4) 1,057-1,060 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 414, chadri deshi 285.
Lead ingot 136, lead imported 134, aluminium ingots 142, sheet cutting 143, aluminium wire scrap 146 and aluminium utensils scrap 142.
