Select base metals declines on subdued offtake

Select base metals declined at the non-ferrous metal market here today on subdued industrial offtake amidst stockist selling.

Meanwhile, brass sheet cutting, copper scrap heavy and lead gained marginally owing to mild demand from consumer industries.

Nickel and tin both dropped by Rs 5 per kilo each to Rs 1,230 and Rs 1,465 from last Saturday's closing level of Rs 1,235 and Rs 1,470. 

Aluminium utensils scrap moved down by Rs 3 per kilo toRs 105 and copper sheet cutting edged down by Rs 2 per kilo to Rs 440.

Copper armiture, copper utensils scrap and brass utensils scrap softened by a rupee per kilo each to Rs 449, Rs 423 and Rs 309 respectively.

However, brass sheet cutting moved up by Rs 2 per kilo to Rs 319 from Rs 317 previously. Copper scrap heavy and lead both inched up by a rupee per kilo each to Rs 457 and Rs 125.