Select base metals gain on sustained demand

Image
Press Trust of India Mumbai
Last Updated : Jan 25 2013 | 5:33 AM IST

Meanwhile, tin, zinc and select brass eased due to lower demand from consumer industries.

The industrial metals fell at the LME on global growth concerns and chain of dismal corporate earning reports.

Nickel prices spurted by Rs 5 per kg to Rs 1,045 from last Saturday's closing level of Rs 1,040 and Aluminium utensils scrap climbed by Rs 4 per kg to Rs 114 from Rs 110.

Copper armature and copper sheet cutting rose by Rs 3 per kg each to Rs 465 and Rs 459 as against Rs 462 and Rs 456 previously.

Copper cable scrap, copper utensils scrap and copper wire bar moved up by Rs 484, Rs 439 and Rs 512 from Rs 482, Rs 439 and Rs 512 last weekend.

Copper scrap heavy also inched up by Re 1 per kg to Rs 475.

However, tin dropped by Rs 5 per kg to Rs 1,300 from previous close of Rs 1,305.

Zinc and brass utensils scrap softened by Re 1 per kg each to Rs 133 and Rs 316, respectively.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 29 2012 | 4:45 PM IST

Next Story