Select base metals remain sluggish on global cues

Image
Press Trust of India Mumbai
Last Updated : Jan 24 2013 | 2:11 AM IST

Meanwhile, copper utensils scrap and copper sheet cutting looked up following better offtake from consumer industries.

The industrial metals traded down at the LME on cautiousness ahead of GDP figures from China amidst dismay speculation over US federal reserve further stimulus measures.

Nickel and tin dipped by Rs 5 per kg to Rs 1,080 and Rs 1,285 from overnight close of Rs 1,085 and Rs 1,290.

Aluminium utensils scrap eased by Rs 2 per kg to Rs 112 from Rs 114 yesterday.

Copper cable scrap, copper wire bar, brass utensils scrap, brass sheet cutting and lead all softened by a rupee per kg each to Rs 482, Rs 510, Rs 316, Rs 325 and Rs 120, respectively.

However, copper utensils scrap and copper sheet cutting inched up by a rupee per kg to Rs 443 and Rs 463.

  

*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: Jul 12 2012 | 5:05 PM IST

Next Story