Base metals rise on good demand, global cues

Image
Press Trust of India Mumbai
Last Updated : Jun 26 2014 | 4:44 PM IST
Most of the base metals prices rose at the non-ferrous metal market here today on stockists buying amidst good demand from industrial users.
Globally, the industrial metals were trading higher at the LME in early trade, with investors shrugging off weak growth in the US and focusing on a shortfall in metal supply.
Nickel climbed by Rs 5 per kg to Rs 1,230 from Wednesday's closing level of Rs 1,225.
Copper armature, brass utensil scrap, lead and tin all moved up by Rs 480, Rs 340, Rs 142 and Rs 1,600 from Rs 478, Rs 338, Rs 140 and Rs 1,598, respectively.
Copper cable scrap, copper scrap heavy, copper wire bar, brass sheet cutting and zinc all inched-up by a Re per kg each to Rs 498, Rs 490, Rs 526, Rs 356 and Rs 182.
However, copper sheet cutting edged down by Re 1 per kg to Rs 472.
*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: Jun 26 2014 | 4:44 PM IST

Next Story