News

Base metals recover

Select base metal prices such as tin, nickel and copper recovered in the range of Rs.5 to Rs.10 per kg in the national capital on fresh buying by stockists following firming trend at London Metal Exchange.

Tin ingot found fresh buying support and gained Rs.5 each at Rs.1165 per kg. The metal remained weak in previous day's trading on lack of support. Nickel plate prices also recovered by Rs 10 at Rs 1240-1340 per kg. Copper wire scrap, copper super-D rod, copper wire bar and copper mixed scrap were higher by Rs. 5 each at Rs. Rs.364, Rs.390, Rs.360 and Rs.347 per kg respectively.

Traders said apart from better trend at London Metal Exchange where tin rose by $400 to $22,700, nickel by $250 at $22,400 and copper added $105 at 8,435 per metric tone respectively last night and fresh buying by stockists mainly led to rise in select b ase metals.

Following were today's quotations per kg (in Rs): Tin ingot 1,165, zinc ingot (Hindustan) 102, zinc dross 93.00, nickel plate (4x4) 1230-1330, cadmium plate 480, Rod 480, antimony (china) 290-320, gun metal scrap 262, bell metal scrap 250, copper wire sc rap 364, copper super d rod 390, copper wire bar 360, copper mixed scrap 347, C C rod 369, Utensil scrap 306, Chadripital 245, brass sheet cutting 350, bullet scrap 245, bharat scrap 230, accessories scrap 243, brass boring 222-235, brass radiator scrap 195 and huny scrap 227.

Lead ingot (Hindustan Zinc) 115, Lead imported 120, Aluminium ingots 110, sheet cutting 125, aluminium wire scrap 131 and Aluminium utensils scrap 117. - PTI

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