Copper, brass firm up on industrial demand

Image
Press Trust of India Mumbai
Last Updated : Mar 28 2014 | 4:17 PM IST
Copper and brass firmed up at the non-ferrous metal market here today on good stockist buying amid sustained demand from industrial users.
Nickel and tin fell on subdued offtake from allowy industries.
The industrial metals trading higher at the LME owing to good improved demand from top metals users China.
Brass utensils scrap rose by Rs 3 per kg to Rs 353 from Thursday closing level of Rs 350.
Copper cable scrap, copper scrap heavy, copper wire bar moved up by Rs 2 per kg each to Rs 488, Rs 482 and Rs 516 from Rs 486, Rs 483 and Rs 516 previously.
Copper armature, copper utensils scrap, copper sheet cutting and brass sheet cutting all inched up by Re 1 per kg to Rs 478, 460, Rs 474 and Rs 362, respectively.
However, Nickel dropped by Rs 8 per kg to Rs 1,055 from overnight close of Rs 1,063 and tin edged down by Rs 2 per kg to Rs 1,565 from Rs 1,563.
Aluminium utensils scrap and zinc also softened by Re 1 per kg each to Rs 126 and Rs 168.
*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: Mar 28 2014 | 4:17 PM IST

Next Story