Base metals trade lower on global cues

Most of the base metals prices traded lower at the non-ferrous metal market here today due to stockist selling amidst subdued industrial demand on the back of fall in London Metal Exchange (LME).
Meanwhile, nickel, lead and aluminium ingots edged-up slightly owing to fresh demand from alloy and consumer industries.
The industrial metals fell to its lowest level at the LME in 20 months, hit by further evidence that the economy of top metals consumer China is slowing down and the US Federal Reserve's stated intention to begin scaling back stimulus measures.
Tin dropped by Rs 12 per kg to Rs 1,345 from Thursday's closing level of Rs 1,357.

Copper cable scrap, copper scrap heavy and copper wire bar declined by Rs 3 per kg each to Rs 483, Rs 476 and Rs 511 from Rs 486, Rs 479 and Rs 514.
Copper armiture, brass utensil scrap, brass sheet cutting and aluminium utensils scrap moved down by Rs 2 per kg each to Rs 465, Rs 324, Rs 334, Rs 118 from Rs 467, Rs 326, Rs 336 and Rs 120, respectively.

Copper utensils scrap, copper sheet cutting and zinc all softened by a rupee per kg to Rs 440, Rs 460 and Rs 144.
However, nickel climbed by Rs 2 per kg to Rs 975 as against Rs 973 previously.

Aluminium ingots and lead inched-up by a rupee per kg to Rs 141 and Rs 137.