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Copper and nickel prices rose up to Rs 5 a kg on the non-ferrous metal market on Thursday on increased industrial demand supported by a firming trend at the London Metal Exchange.
Sentiments remained firm after copper in London rebounded from its biggest drop in three weeks as expectations that supplies will lag behind demand outweighed concerns that global economic growth may slow down. Meanwhile, copper for three-month delivery gained 0.7 per cent to $9,450 a tonne on the LME.
In the national capital, copper wire crap, copper wire bar and copper mixed scrap remained in demand and advanced Rs 2 each to Rs 504, Rs 527 and Rs 488 a kg, respectively. Nickel (4x4) followed suit and traded higher by Rs 5 to Rs 1,052-1,054 a kg.
Following were today’s quotations a kg: Tin ingot 840, zinc ingot 127.50, nickel plate (4x4) 1,052-1,054, gun metal scrap 226 bell metal scrap 228, copper wire scrap 504, copper wire bar 527, copper mixed scrap 488, Utensil scrap 224, Chadripital 175.
Lead ingot 133, lead imported 135, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102.
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