Copper prices strengthened by Rs 2 per kg at the local non-ferrous metal market today on sustained buying by stockists following pick-up in industrial demand.
Other metals, including nickel and lead, however, settled at around the previous closing levels.
Traders said increased buying by stockists following pick-up in industrial demand, helped copper prices to trade higher.
Copper wire scrap, copper wire bar and copper mixed scrap gained another Rs 2 each to Rs 523, Rs 546 and Rs 508 per kg respectively.
Following are the quotations in Rs per kg:
Tin ingot 835, zinc ingot 136.50, nickel plate (4x4) 1,070-1,072, gun metal scrap 226, bell metal scrap 228, copper wire scrap Rs 523, copper wire bar 546, copper mixed scrap 508, utensil scrap 224 and chadripital 175.
Lead ingot 145, lead imported 150, aluminium ingots 112, sheet cutting 113, aluminium wire scrap 112 and aluminium utensils scrap 109.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.