Base metals ease on subdued demand

Image
Press Trust of India Mumbai
Last Updated : Oct 27 2017 | 4:57 PM IST
Most of the base metals including copper, zinc, lead, tin and nickel eased at the non-ferrous metals market here today on stockists' selling amid subdued demand from industrial users.
While, brass utensils scrap and aluminium utensils edged up owing to good demand from consuming industries.
Nickel fell by Rs 15 per kg to Rs 775 from Thursday's close Rs 790 and tin declined by Rs 10 per kg to Rs 1,370 as against Rs 1,380 yesterday.
Copper armiture moved down by Rs 4 per kg to Rs 410 from yesterday's close Rs 414.
Copper utensils, zinc and lead softened by Rs 2 per kg each to Rs 382, Rs 240 and Rs 163 as compared Rs 385, Rs 242 and Rs 165 yesterday.
Copper scrap heavy and copper sheet cuttings inched down per kg each to Rs 434 and Rs 404.
However, brass utensils scrap recovered by Rs 2 per kg to Rs 305 as against Rs 303 yesterday and aluminium utensils inched up per kg to Rs 123.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 27 2017 | 4:57 PM IST

Next Story