Base metals ease further on global cues

Nov 05 2012, 17:45 IST
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SummaryTracking a weak global trend, base metals fell in the local non-ferrous metals market.

Tracking a weak global trend, base metals fell in the local non-ferrous metals market today on sustained selling by stockists.

Traders said besides sluggish demand from consuming industries, a weak global trend mainly led to a fall in base metals.

In the national capital, copper mixed scrap and nickel declined by Re 1 each to Rs 388 and Rs 1,019-1,022 per kg, respectively.

Lead ingot and lead imported were also traded lower by the same margins to Rs 129 and Rs 127 per kg, respectively.

The following are metal rates per kg: Zinc ingot 108-112, nickel plate (4x4) 1,019-1,022, gun metal scrap 227, bell metal scrap 229, copper mixed scrap 388, chadri deshi 285.

Lead ingot 129, lead imported 127, aluminium ingots 128, sheet cutting 129, aluminium wire scrap 133 and aluminium utensils scrap 128.

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