Select base metals climb on good demand

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Press Trust of India Mumbai
Last Updated : Dec 26 2013 | 4:42 PM IST
Copper, brass and zinc prices climbed at the non-ferrous metal market here today on sustained stockists buying amid good demand from industrial users.
Meanwhile, tin tumbled on stockists selling on the back of subduded demand from alloy industries.
The industrial metal strengthened at the Asian trade, rising for a fourth straight session on firm demand as well as overnight gains in US.
Copper armature shot-up by Rs 5 per kg to Rs 465 from Tuesday's closing level of Rs 463.
Copper cable scrap, copper wire bar, copper sheet cutting, brass utensils scrap and zinc prices advanced by Rs 4 per kg each to Rs 512, Rs 540, Rs 485, Rs 354 and Rs 172 from Rs 508, Rs 536, Rs 481, Rs 350 and Rs 168, respectively.
Copper scrap heavy and brass sheet cutting gained by Rs 3 per kg each to Rs 504 and Rs 359 from Rs 501 and Rs 356.
Copper utensils scrap moved-up by Rs 2 per kg to Rs 465 as against Rs 463 previously.
However, tin slumped by Rs 50 per kg to Rs 1,525 as compared to Rs 1,575.
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First Published: Dec 26 2013 | 4:42 PM IST

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