Select base metals firm up on rising demand

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Press Trust of India Mumbai
Last Updated : Oct 22 2013 | 4:26 PM IST
Led by tin and nickel, select base metals prices firmed up further at the non-ferrous metal market here today on sustained stockist buying amidst rising demand from industrial users despite steady London Metal Exchange (LME) cues.
The industrial metals was trading in a narrow range at the LME, ahead of the first US jobs report in nearly two months, as investors try to assess the health of the world's biggest economy after signs of slower Asian growth has dimmed the outlook for metals.
Nickel surged by Rs 10 per kg to Rs 1,020 from Monday's closing level of Rs 1,010.
Tin climbed by Rs 5 per kg to Rs 1,585 from Rs 1,580.
Copper utensils scrap, brass sheet cutting and aluminium utensils scrap all moved up by Rs 2 per kg to Rs 457, Rs 353 and Rs 124 from Rs 455, Rs 351 and Rs 122.
Copper cable scrap, copper armature, copper wire bar, and brass utensils scrap inched-up by Re per kg each to Rs 482, Rs 527 and Rs 342 respectively.
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First Published: Oct 22 2013 | 4:26 PM IST

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