Select base metals recovers on fresh demand

Image
Press Trust of India Mumbai
Last Updated : Jan 14 2016 | 5:07 PM IST
Tin and copper prices recovered at the non-ferrous metal market here today on stockists buying amid fresh demand from industrial users.
However, nickel prices declined further owing to subdued offtake from alloy industries.
Tin climbed by Rs 10 per kg to Rs 1,110 from Wednesday's closing level of Rs 1,100.
Copper cables scrap, copper scrap heavy and copper wire bar climbed to Rs 2 per kg to Rs 369, Rs 364 and Rs 397 from Rs 367, Rs 362 and Rs 395.
Copper armiture, copper utensil scrap and copper sheet cutting edged-up by a Re per kg each to Rs 358, Rs 341 and Rs 356, respectively.
However, nickel fell by Rs 5 per kg to Rs 695 as against Rs 700.
*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: Jan 14 2016 | 5:07 PM IST

Next Story