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This is an archive article published on October 6, 2012

Copper weakens on sluggish demand

Copper weakened by Rs 2 per kg in the local non-ferrous metal market.

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Copper weakened by Rs 2 per kg in the local non-ferrous metal market today on sluggish demand at higher levels amid a weakening global trend.

Traders said sluggish demand from consuming industries and reports of a weak trend in overseas markets mainly helped copper prices to trade lower.

In the national capital,copper mixed scrap weakened by Rs 2 to Rs 400 per kg.

The following are metal rates per kg: Zinc ingot 110-114,nickel plate (4×4) 1,027-1,030,gun metal scrap 227,bell metal scrap 229,copper mixed scrap 400,chadri deshi 285.

Lead ingot 136,lead imported 134,aluminium ingots 131,sheet cutting 132,aluminium wire scrap 138 and aluminium utensils scrap 131.

 

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