Select base metals strengthen on global cues

Written by PTI | New Delhi | Updated: Jan 31 2013, 20:51pm hrs
Select base metals strengthened up to Rs 2 per kg on the local non-ferrous metal market today on increased industrial demand, amid a firming global trend.

Sentiment remained firm after copper climbed to the highest level in four weeks in global markets after the Federal Reserve maintained an asset-purchase program.

Meanwhile, copper for delivery in three months rose 0.2 per cent to USD 8,241 a tonne on the London Metal Exchange.

In the national capital, copper and zinc ingot added Rs 2 each to Rs 442 and Rs 127-131 per kg respectively.

Nickel (4x4) also moved up by Rs 2 to Rs 1067-1070, while lead ingot and lead imported were enquired higher by Re 1 each to Rs 147 and Rs 145 per kg respectively.

The following are metal rates per kg: Zinc ingot 127-131, nickel plate (4x4) 1,067-1,070, gun metal scrap 227, bell metal scrap 229, copper mixed scrap 442,

chadri deshi 285.

Lead ingot 147, lead imported 145, aluminium ingots 132, sheet cutting 133, aluminium wire scrap 137 and aluminium utensils scrap 132.