Business Standard

Declining trend in base metals on global cues

Related News

Most of the base metals continued its declining trend at the non-ferrous metal market here today on hectic stockists offering amidst bearish global cues.

The industrial metals fell further at the on Japanese concern over quake-stricken nuclear plant weakening the trading sentiment.

Meanwhile, utensils scrap and lead moved up on better offtake from consumer industries.

Nickel, tin, copper cable scrap, copper scrap heavy and copper wire bar all fell by Rs 5 per kilo each to Rs 1,330, Rs 1,580, Rs 458, Rs 449 and Rs 486 respectively from yesterday's closing level of Rs 1,335, Rs 1,585, Rs 463, Rs 454 and Rs 491.  

Copper armiture, copper sheet cutting and  brass utensils scrap all moved down by Rs 3 per kilo to Rs 441, Rs 435 and Rs 304.  

However, copper utensils scrap gained Rs 4 per kilo to Rs 421 and lead inched up by a rupee per kilo to Rs 118.

Read more on:   
|
|
|
|
|

Read More

Aluminium trades 0.4% higher on overseas cues

Aluminium futures for February traded higher by 40 paise, or 0.35% to Rs 114.05 per kg in 1,722 lots

Quick Links

 

Market News

We won't stop looking at acquisitions: Siraj Chaudhry

Interview with Chairman, Cargill India

Govt to aid coffee growers in fight against pest attacks

The severity of WSB attacks has been such that many estates have resorted to uprooting arabica plants to avoid further damage

HKEx aims to expand mini contracts to more metals and coal

Hong Kong Exchanges and Clearing Ltd (HKEx) plans to expand the range of its three "mini" contracts to include more base metals as well as coal, ...

Adverse market conditions forcing closure of oilseed crushers

Refiners prefer to import crude palm oil from Malaysia and Indonesia, finding this cheaper than local crushing

Muhurat trading: Sensex gains 64 points; Nifty ends at 8015

Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in Samvat 2071 on a firm note

Back to Top