Select base metals decline on lower industrial demand

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Press Trust of India Mumbai
Last Updated : Feb 01 2016 | 4:32 PM IST
Select base metals, including nickel, brass and copper declined at the non-ferrous metal market here today due to stockists selling amid lower demand from industrial users.
Nickel slid by Rs 5 per kg to Rs 710 from last Saturday's closing level of Rs 715.
Copper utensils and copper sheet cuttings edged down by Rs 3 per kg each to Rs 345 and Rs 360 as against to Rs 348 and Rs 363 previously.
Copper cable scrap, copper wire bar and brass utensils scrap moved down by Rs 2 per kg each to Rs 374, Rs 402 and Rs 276 as compared to Rs 376, Rs 404 and Rs 278 respectively.
Copper scrap heavy and copper armiture softened by a Re per kg each to Rs 369 and Rs 364 respectively.
However, tin rose by Rs 10 per kg to Rs 1,165 from overnight closing level of Rs 1,155 and brass sheet cuttings edged up by Rs 2 per kg to Rs 282 as against Rs 280 previously.
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First Published: Feb 01 2016 | 4:32 PM IST

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