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

China beats India in November FII inflows: HSBC

China mops up $2.3 bn; India at $1.4 bn, Thailand in third spot

Primary steel mills to slash prices by Rs 500-700 a tonne

Global prices reel under threat of Chinese imports and weak demand

Base metals decline on weak US data

Copper leads fall, sheds 2% in early trade, recovers to settle at $6,649 a tonne

Stainless steel mills demand protection against cheap imports from China

The operating capacity of India's stainless steel (SS) mills has declined to a low of 55 per cent, says the industry, due to cheap imports from ...

WGC ties up with IIM-A to set up research centre

The idea is to develop insights into how the significant stocks of gold in India can be used to advance growth, jobs, social inclusion and

Back to Top