financetom
Market
financetom
/
Market
/
Base metals shine on positive global cues, spot demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Base metals shine on positive global cues, spot demand
Aug 8, 2018 5:44 AM

Base metal prices rose by up to Rs 5 per kg at the non-ferrous metals market today, tracking a firm trend overseas amid pick-up in demand from consuming industries.

Share Market Live

NSE

Traders said sentiment bolstered after London copper ticked higher today as the dollar weakened against a basket of major currencies.

Meanwhile, three-month copper was up 0.2 percent at $6,190 a tonne on the London Metal Exchange. Also the most-traded October copper contract on the Shanghai Futures Exchange rose 0.3 percent to 49,550 yuan ($7,286) a tonne.

Besides, an uptick in demand from consuming industries at the domestic spot market supported the uptrend, they said.

In the national capital, copper mixed scrap and nickel plate (4x4) rose by Rs 3 and Rs 5 to Rs 435 and Rs 910-913 per kg, respectively.

Zinc ingot, lead ingot and lead imported also enquired higher by Rs 2 each to Rs 133-139, Rs 138 and Rs 145 per kg, respectively.

Following are today's metal rates (in Rs per kg):

Zinc ingot Rs 133-139, nickel plate (4x4) Rs 910-913, gun metal scrap Rs 227, bell metal scrap Rs 229, copper mixed scrap Rs 435, chadri deshi Rs 295.

Lead ingot Rs 138, lead imported Rs 145, aluminium ingots Rs 168, aluminium sheet cutting Rs 164, aluminium wire scrap Rs 164 and aluminium utensils scrap Rs 162.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved