Select base metals gain on renewed offtake

Select copper, brass sheet cutting and zinc prices recovered at the non-ferrous metal market here today on stockists buying amidst renewed offtake from industrial users.
Meanwhile, tin fell further due to subdued demand from alloy industries.
The industrial metals were trading flat at the LME in early trade, after worries about a Chinese probe into metals financing pushed prices to one month lows in the session before, while aluminium and zinc hovered near multi-month highs on a brightening demand outlook.
Copper scrap heavy shot-up by Rs 7 per kg to Rs 480 from Monday's closing level of Rs 473.
Copper cables scrap, copper wire bar and brass sheet cutting climbed by Rs 3 per kg each to Rs 485, Rs 513 and Rs 348 from Rs 482, Rs 510 and Rs 345, respectively.

Copper armiture and zinc inched-up by a Re per kg each to Rs 462 and Rs 175.
However, tin declined by Rs 3 per kg to Rs 1,595 from Rs 1,598.