Copper up on fresh buying interest
NEW DELHI: Copper prices rose by Rs 3 a kilo on the non-ferrous metal market here today following fresh buying by stockists and consuming industries amid restricted supply. Elsewhere, rest of other base metal prices moved in a tight range on little bouts of buying and selling interest. Marketmen said rise in demand from consuming industries mainly pushed up the copper prices.
They said market movement was restricted in the absence of any market-moving factor from overseas, as London Metal Exchange remained close on 25th and 26th of December for "Christmas" holidays.
Copper wire scrap, copper super d rod, copper wire bar, copper mixed scrap, C C rod, utensil scrap and mixed scrap all moved up by Rs 3 each to settle at Rs 339, Rs 359, Rs 364, Rs 319, Rs 354, Rs 314 and Rs 309 per kilo, respectively. Following were today's quotations per kilo: Tin ingot 805, zinc slab 155.00 zinc dross 125.00, nickel plate (4x4) 1365-1525, (9x9) 1395-1515, (4x24) 1395-1525, cadmium plate 430, Rod 410, antimony (china) 300, gun metal scrap 260, bell metal scrap 260, copper wire scrap 339, copper super d rod 359, copper wire bar 364, copper mixed scrap 319, C C rod 354, utensil scrap 314, mixed scrap 309, Chadripital 240, brass sheet cutting 238,bullet scrap 253, bharat scrap 233, accessories scrap 235, brass boring 220-240, brass radiator scrap 210 and huny scrap 244. Lead ingot 100, lead imported 136-141, aluminium ingots 135, sheet cutting 130, aluminium wire scrap 125 and aluminium utensils scrap 123.
Source: Business Standard
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