Base metals declines on reduced demand, global cues

Most of base metals declined at the non-ferrous metal market here today on stockists selling amidst reduced demand from industrial users.
Meanwhile, lead prices rose due to good offtake from consumer industries.
Globally, industrial metals eased at the LME in early trade, in thin trade and as seasonal demand waned, but was still set to log its second straight monthly rise on a shortfall in metal supply.
Copper sheet cutting dropped by Rs 6 per kg to Rs 470 from last Saturday's closing level of Rs 476.
Copper armiture and Brass utensils scrap fell by Rs 4 per kg to Rs 336 from Rs 340.

Copper cable scrap, copper wire bar and alumnium ingots all looked down by Rs 3 per kg each to Rs 496, Rs 524 and Rs 157 from Rs 499, Rs 527 and Rs 160, respectively.

Copper utensils scrap and brass sheet cutting moved down to Rs 2 per kg each to Rs 456 and Rs 355 from Rs 458 and Rs 357.
Copper scrap heavy, aluminium utensils scrap and zinc moved down by a Re per kg each to Rs 489, Rs 129 and Rs 181.
However, lead climbed by Rs 3 per kg to Rs 145 as against Rs 142 previously.