Copper turns weak on global cues, subdued demand

NEW DELHI: Copper turned weak and prices fell by one rupee per kg on the non-ferrous metal market in the national capital on Saturday largely in line with subdued trend in base metals overseas amid subdued demand from consuming industries.

Elsewhere, other metals, including zinc and lead, moved in a tight range in the absence of worthwhile activity and settled around previous levels.

Trading sentiments in copper turned bearish as metal for three-month delivery lost 0.3 per cent to 5,945 dollar a metric tonne at the London Metal Exchange.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were down by Re one each at Rs 312, Rs 333 and Rs 292 per kg.

Following are today's quotations Rs per kg: Tin ingot 775, zinc ingot 106.00, nickel plate (4x4) 868-978,gun metal scrap 225 bell metal scrap 230, copper wire scrap 312, copper wire bar 333, copper mixed scrap 292.00, Utensil scrap 223, Chadripital 175.

Lead ingot 117, lead imported 121, aluminium ingots 106, sheet cutting 102, aluminium wire scrap 101 and aluminium utensils scrap 98.