Select base metals remains weak on global cues

Select base metals prices continued its downtrend at the non-ferrous metal market here today on consistent stockists selling amidst reduced demand from industrial users on the back of lower London Metal Exchange (LME) cues.
Meanwhile, nickel, select aluminium and brass prices recovered on fresh demand from consumers and alloy industries.
The industrial metals were trading lower at the LME, on growing worries the US Federal Reserve would start curbing its liquidity-boosting economic stimulus this month.
Copper cable scrap and copper wire bar dipped by Rs 7 per kg each to Rs 507 and Rs 535 from Thursday's closing level of Rs 514 and Rs 542.

Copper scrap heavy dropped by Rs 6 per kg to Rs 496 from Rs 502, Tin fell by Rs 5 per kg to Rs 1,575 from Rs 1,580 and Copper sheet cutting declined by Rs 3 per kg to Rs 476 from Rs 479.
Copper utensils scrap and brass sheet cutting moved down by Rs 460 and Rs 351 from Rs 462 and Rs 353 respectively.

Copper armiture, aluminium utensils and zinc softened by Re 1 per kg each to Rs 484, Rs 122 and Rs 163.
However, nickel climbed by Rs 5 per kg to Rs 1,030 from Rs 1,025.

Brass utensils scrap and aluminium ingots went up by Rs 2 per kg each to Rs 345 and Rs 152 from Rs 343 and Rs 150.