Base metals firm up on industrial demand, global cues

Led by tin, most of the base metal prices firmed up at the non-ferrous metal market here today on sustained stockist offtake amidst good industrial demand on the back of higher London Metal Exchange cues.
The industrial metals rose at the LME in a rebound from a low last week, helped by a weaker dollar, but concerns remained about the outlook for demand after data showed growth in China's manufacturing sector.
Tin surged by Rs 10 per kg to Rs 1,375 from Monday's closing level of Rs 1,365.
Aluminium ingots climbed by Rs 4 per kg to Rs 144 from Rs 140.

Copper scrap heavy, copper armiture and brass sheet cutting moved up by Rs 2 per kg each to Rs 480, Rs 469 and Rs 337 as against Rs 478, Rs 467 and Rs 335, previously.
Copper cable scrap, copper utensils scrap, copper wire bar, copper sheet cutting, brass utensils scrap, aluminium utensils, zinc and lead inched-up by a rupee per kg each to Rs 488, Rs 442, Rs 516, Rs 463, Rs 327, Rs 120, Rs 146 and Rs 135, respectively.