Select copper firms up on better demand
Select copper rose further at the non-ferrous metal market here today on sustained demand from stockists amid increased industrial buying.
While, aluminium utensils, tin, brass, copper utensils scrap, copper sheet cutting and zinc declined owing to subdued offtake from consumer industries.
The industrial metals fell at London Metal Exchange (LME) over strengthening dollar amidst concern over further tigthening of Chinese monetary policy.
Copper cable scrap and copper wire bar both hardened by Rs 4 per kg each to Rs 472 and Rs 500 from Tuesday's closing level of Rs 468 and Rs 496.
Copper armiture also inched up by a rupee per kg to Rs 452.
However, brass sheet cutting dropped by Rs 6 per kg to Rs 319 from overnight closing level of Rs 325 and tin fell by Rs 5 per kg to Rs 1,610 as against Rs 1,615.
Brass utensils scrap and aluminium utensils scrap both lost Rs 4 per kg each to Rs 310 and Rs 107. Copper utensils scrap and copper sheet cutting moved down by Rs 3 per kg each to Rs 420 and Rs 447.
Zinc also softened by a rupee per kg to Rs 129.