Select base metals rise on global cues

Marketmen said,reports of firming trend in entire base metals pack,led by copper at the London Metal Exchange (LME) on the back of strong US housing data mainly buoyed the trading sentiment here.

Meanwhile,copper for three-months delivery at the LME copper rose USD 88.75,or 1.15 per cent to USD 7,833 per tonne,while nickel gained USD 150,or 0.56 per cent to USD 27,150 per tonne. At Shanghai,copper edged higher by 850 yuan,or 1.40 per cent to 61,450 yuan per tonne.

In the national capital,copper wire scrap,copper wire bar and copper mixed scrap were down by Rs 5 each to Rs 378,Rs 397 and Rs 357,while nickel (4×4) gained Rs 10 at Rs 923-1,038 per kg.

Zinc ingot,lead ingot and lead imported were also in better shape and traded Rs 2 each higher at Rs 120,Rs 122 and Rs 124 per kg.

Following were today’s quotations in Rs per kg: Tin ingot 790,zinc ingot 120.00,nickel plate (4×4) 923-1,038,gun metal scrap 226 bell metal scrap 228,copper wire scrap 378,copper wire bar 397,copper mixed scrap 357.00,Utensil scrap 227,Chadripital 175.

Lead ingot 122,lead imported 124,aluminium ingots 103,sheet cutting 101,aluminium wire scrap 100 and aluminium utensils scrap 99.