Copper and brass weaken on lower demand

Image
Press Trust of India Mumbai
Last Updated : Jan 24 2018 | 4:40 PM IST

Don't want to miss the best from Business Standard?

Copper and brass weakened further at the non-ferrous metal market here today on stockists' selling amidst lower demand from industrial users.
While nickel prices recovered owing to fresh demand from alloy industries.
Brass sheet cuttings eased further by Rs 5 per kg to Rs 340 from Tuesday's close at Rs 345.
Copper armature and copper sheet cuttings moved down by Rs 3 per kg each to Rs 435 and Rs 431 as against Rs 438 and Rs 434 yesterday.
Copper cable scrap, copper scrap heavy, copper utensils, copper billets and brass utensils scrap edged down by Rs 2 per kg each to Rs 449, Rs 442, Rs 412, Rs 477 and Rs 332 as compared to Rs 451, Rs 444, Rs 415, Rs 479 and Rs 334, respectively.
However, nickel prices edged up by Rs 3 per kg to Rs 850 as against Rs 847.

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: Jan 24 2018 | 4:40 PM IST

Next Story