Base metals strengthen on stockists' buying

Base metal prices firmed up by Rs 2 per kg at the non-ferrous metal market today on stockists' buying, driven by pick-up in demand from consuming industries.

Traders said fresh buying by stockists following rising demand from consuming industries at domestic spot market mainly led to the rise in base metal prices.

In the national capital, copper mixed scrap and nickel plate (4x4) were trading up by Rs 2 each to Rs 357 and Rs 777 -787 per kg, respectively.

Zinc ingot, lead ingot and lead imported also enquired higher by a similar margin to Rs 108-114, Rs 106 and Rs 112 per kg

Following are today's metal rates (in Rs per kg): Zinc ingot Rs 108-114, nickel plate (4x4) Rs 777-787, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 357, chadri deshi Rs 295.

Lead ingot Rs 106, lead imported Rs 112, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)