Select base metals firm up on sustained demand

Copper, zinc and lead prices firmed up at the non-ferrous metal market here today on good stockists buying amidst sustained demand from industrial users.
Meanwhile, nickel and brass sheet cutting fell due to subdued demand from consumer industries.
On the global front, industrial metal copper was trading higher in early trade at the LME, on a seasonal pick up in Chinese demand but traders were cautious ahead of a key US monetary policy meeting.
Copper sheet cutting climbed by Rs 7 per kg to Rs 452 from last Wednesday's closing level of Rs 445.
Copper armature rose by Rs 6 per kg to Rs 454 from Rs 448.

Zinc gained by Rs 4 per kg to Rs 186 from Rs 182.

Copper utensils scrap moved up by Rs 3 per kg to Rs 431 from Rs 428 and Lead also went up by Rs 2 per kg to Rs 138 as against Rs 136.
Copper cable scrap, copper scrap heavy, copper wire bar, and brass utensils scrap all edged-up by Re 1 per kg each to Rs 480, Rs 472, Rs 508 and Rs 329, respectively.
Nickel dropped by Rs 10 per kg to Rs 1,085 as compared to Rs 1,095 previously.
Brass sheet cutting declined by Rs 4 per kg to Rs 341 from Rs 345.

Aluminium utensils scrap softened by a Re per kg to Rs 134.