Select base metal prices rise on global cues

NEW DELHI: Select base metal prices moved up by Rs 2 per kg at the non-ferrous metal market today on increased buying by stockists, tracking a firm global trend.

Traders said sentiment bolstered after aluminium and zinc rose in global markets ahead of China new trade data.

Meanwhile, at the London Metal Exchange, aluminium rose 0.4 per cent to $1,615 a metric tonne, while zinc advanced 0.9 per cent to $1,801 a metric tonne.

In the national capital, aluminium ingots, sheet cutting, wire scrap and utensils scrap were up by Rs 2 each to Rs 150, Rs 151, Rs 153 and Rs 150 per kg respectively.

Zinc ingots and nickel plate (4x4) traded higher by a similar margin to Rs 104-110 and Rs 909-914 per kg respectively.

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

Zinc ingot Rs 104-110, Nickel plate (4x4) Rs 909-914, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 356, Chadri deshi Rs 285.

Lead ingot Rs 96, Lead imported Rs 97, Aluminium ingots Rs 150, Aluminium sheet cutting Rs 151, Aluminium wire scrap Rs 153 and Aluminium utensils scrap Rs 150.