Copper slips on lower demand, global cues

Copper prices slipped at the non-ferrous metal market here today due to stockists selling amid lower demand from industrial users.
While, tin, nickel and lead weakened on sustained selling by stockists following poor demand from alloy industries.
On the global front, the industrial metal copper fell in early trade at the LME, but was set for its third straight weekly climb, buoyed as severe flooding affected mines in key producer Chile and as seasonal demand from top consumer China slowly improved.
Copper utensils scrap, tin and nickel dropped by Rs 5 per kg each to Rs 410, Rs 1,345 and Rs 1,025 from Thursday's closing level of Rs 415, Rs 1,350 and Rs 1,030 and copper scrap heavy fell by Rs 4 per kg to Rs 438 from Rs 442.

Copper cable scrap, Copper armiture, copper wire bar, copper sheet cutting and brass utensils scrap all eased by Rs 3 per kg to Rs 445, Rs 432, Rs 465, Rs 427 and Rs 320 as compared to Rs 448, Rs 435, Rs 468, Rs 430 and Rs 323 respectively.
Lead edged down by Rs 2 per kg to Rs 132 as against Rs 134 yesterday.