Base metals ease on lower demand

Most of the base metals eased at the non-ferrous metal market here today due to modest stockist selling amidst lower demand from industrials users despite higher London Metal Exchange (LME) cues.
Meanwhile, tin, nickel and copper wire bar edged-up on better offtake from consumer industries.
The industrial metals edged-up at the LME, moving away from seven-week lows hit a day earlier, after a surprise rate hike by Turkey soothed jitters over emerging market growth ahead of a key Federal Reserve meeting later in the session.
Brass sheet cutting moved-down by Rs 2 per kg to Rs 363 from Tuesday's closing level of Rs 364.

Copper cable scrap, copper scrap heavy, copper armature, copper utensils scrap, brass utensils scrap, aluminium ingots and zinc all softened by Re 1 per kg each to Rs 513, Rs 507, Rs 493, Rs 469, Rs 354, Rs 148 and Rs 174, respectively.
However, tin moved-up by Rs 2 per kg to Rs 1,530 from Rs 1,528.
Copper wire bar and nickel inched-up by Re 1 per kg each to Rs 541 and Rs 998.