Select base metals declines on lower offtake

Select copper, brass and lead declined at the non-ferrous metal market here today on stockist selling amid lower offtake from the industrial users.
Meanwhile, zinc gained owing to good demand consumer industries.
The industrial metal copper gained in early trade, a nine-day low hit the session before after Federal Reserve meeting minutes reassured markets that discussions around rate hikes were "prudent planning" and not a sign hikes would come any time soon.
Copper sheet cutting slipped by Rs 3 per kg to Rs 473 from Wednesday's closing level of Rs 476 and copper scrap heavy moved down by Rs 2 per kg to Rs 487 from Rs 489.

Copper armiture, brass utensils scrap, brass sheet cutting and lead softened by a Re per kg each to Rs 479, Rs 346, Rs 358 and Rs 147 respectively.