Copper, zinc weaken on reduced industrial offtake

NEW DELHI: Prices of copper and zinc declined by Rs 2 per kg in the local non-ferrous metals market today due to reduced industrial demand amid a weak trend overseas.

Traders said reduced industrial demand and reports of a weakening global trend mainly led to a fall in copper and zinc prices.

In the national capital, copper mixed scrap and zinc ingot declined by Rs 2 each to Rs 392 and Rs 113-119 per kg, respectively.

The following are metal rates per kg: Zinc ingot 113-119, nickel plate (4x4) 1,074-1,077, gun metal scrap 226, bell metal scrap 228, copper mixed scrap 392, chadri deshi 285.

Lead ingot 128, lead imported 126, aluminium ingots 124, sheet cutting 126, aluminium wire scrap 130 and aluminium utensils scrap 125.