Base metals decline on lower offtake

Most of the base metals declined at the non-ferrous metal market here today on stockists selling amidst reduced offtake from industrial users.
Elsewhere, select copper and lead edged up on good buying by consumer industries
The industrial metals rose in the early trade at the London Metal Exchange, after Federal Reserve Chairman Ben Bernanke reassured markets about the timing of any pullback in the Fed's stimulus programme.
Nickel and tin fell by Rs 3 per kg each to Rs 972 and Rs 1,357 from Thursday's closing level of Rs 975 and Rs 1,360.
Copper scrap heavy and aluminium ingots moved down by Rs 2 per kg each to Rs 479 and Rs 144 from Rs 481 and Rs 142.

Copper sheet cutting, brass utensils scrap, brass sheet cutting and zinc softened by a rupee per kg each to Rs 465, Rs 327, 336 and Rs 149, respectively.
However, copper cable scrap, copper armiture, copper utensils scrap, copper wire bar and lead all inched-up by a rupee per kg each to Rs 487, Rs 470, Rs 445, Rs 515 and Rs 135.