Copper extends falls on global cues

Select copper and brass utensils scrap extended their fall at the non-ferrous metal market here today on stockist selling amid reduced demand from industrial users following lower London Metal Exchange (LME) cues.
Meanwhile, copper sheet cutting, brass sheet cutting, zinc and tin recovered smartly on heavy offtake from consumer industries.
Globally, the industrial metal copper slipped at the LME in early trade, weighed down by a strong dollar, although further falls were capped by support from monetary easing in top consumer China and an upturn in economic sentiment in Europe while a strong dollar capped gains.
Copper cable scrap and copper wire bar declined by Rs 3 per kg each to Rs 478 and Rs 506 from Thursday's closing level of Rs 481 and Rs 509.

Copper armiture and copper utensils scrap moved down by Rs 2 per kg each to Rs 450 and Rs 428 from Rs 452 and Rs 430, respectively.
Copper scrap heavy and brass utensils scrap softened by a Re per kg each to Rs 470 and Rs 325.

However, tin climbed by Rs 5 per kg to Rs 1,490 as against Rs 1,485.
Zinc rose by Rs 3 per kg to Rs 186 from Rs 183.
Copper sheet cutting and brass sheet cutting inched-up by a Re per kg to Rs 448 and Rs 338.