Copper climbs on rising industrial demand

Copper prices climbed further at the non-ferrous metal market here today on steady stockists buying amid firm demand industrial users despite the metal lost ground at London Metal Exchange (LME).
While, tin dropped on stockist selling following subdued offtake from alloy industries.
The Industrial metal, copper slipped in early trade at the LME, after posting their strongest gains since mid-2013 overnight, as euphoria in commodity markets over rising oil prices settled.
Copper utensils scrap spurted by Rs 8 per kg to Rs 398 from Tuesday's closing of Rs 390 and copper armiture surged by Rs 6 per kg to Rs 417 from Rs 411.

Copper sheet cutting rose by Rs 5 per kg to Rs 410 from Rs 405 and copper scrap heavy gained Rs 4 per kg to Rs 421 as against Rs 417 yesterday.
Copper cable scrap, copper wire bar both moved up by Rs 3 per kg each to Rs 426 and Rs 446 as compared to Rs 423 and Rs 443 previously.
Brass sheet cutting edged up by Rs 2 to Rs 322 from Rs 320 and zinc inched up by a Re per kg to Rs 173.
However, tin slumped by Rs 10 per kg to Rs 1,450 from overnight close of Rs 1,460 and brass utensils scrap declined by Rs 3 per kg to Rs 312 from Rs 315 respectively.