India: Lead up on increased industrial buying

Barring a rise in lead prices due to increased buying interest from consuming industries, other base metal ruled flat on the non-ferrous metal market here on Monday in view of sporadic demand.

Marketmen said increased industrial offtake on the back of higher London Metal Exchange (LME) advices mainly pushed up lead prices. At LME, lead prices gained $140 at $3,710 a tonne on Friday. Lead ingot and imported gained further on renewed buying su pport and finished higher at Rs.138 and Rs.162-172 compared to last levels of Rs.135 and Rs.160-170 a kilo.

Following were today's quotations per kilo: Tin ingot 810, zinc slab 175.00 zinc dross 135, nickel plate (4x4) 1465-1615, (9x9) 1490-1610, (4x24) 1490-1620, cadmium plate 420, Rod 410, antimony (china) 310, gun metal scrap 260, bell metal scrap 260, cop per wire scrap 355, copper super d rod 375, copper wire bar 374, copper mixed scrap 335, C C rod 340, Utensil scrap 315, Mixed scrap 310, Chadripital 255, brass sheet cutting 240, bullet scrap 255, bharat scrap 235, accessories scrap 230, brass boring 23 0-250, brass radiator scrap 220 and huny scrap 250. Lead ingot 135, Lead imported 160-170, Aluminium ingots 135, sheet cutting 130, aluminium wire scrap 125 and Aluminium utensils scrap 122.