Copper, brass firm up sustained demand

Copper, brass and aluminium prices firmed up at the non-ferrous metal market here today on good stockist buying amidst sustained demand from industrial users.
Meanwhile, nickel and tin prices declined due to lower demand from alloy industries.
The industrial metals was trading steady at LME in early trade, but was eyeing its biggest weekly gain since early July on brightening prospects over global growth, but caution over China's stuttering property markets kept traders cautious and capped gains.
Copper sheet cutting climbed by Rs 3 per kg to Rs 469 from Thursday's closing level of Rs 466.
Copper cable scrap, copper scrap heavy, copper armiture, copper wire bar, brass utensil scrap and brass sheet cutting all moved up by Rs 2 per kg each to Rs 494, Rs 488, Rs 473, Rs 522, Rs 339 and Rs 356 from Rs 492, Rs 486, Rs 471, Rs 520, Rs 337 and Rs 354.

Copper utensils scrap inched-up by a Re per kg to Rs 446.
However, tin and nickel fell by Rs 5 per kg each to Rs 1,585 and Rs 1,240 from Rs 1,590 and Rs 1,245, respectively.