Select base metals rise on global cues

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Press Trust of India Mumbai
Last Updated : Apr 08 2013 | 4:35 PM IST
Select base metal prices recovered smartly at the non-ferrous metal market here today on sustained stockist buying amidst good demand from industrial users driven by a recovery in London Metal Exchange (LME) cues.
Meanwhile, tin edged down owing reduced offtake from alloy industries.
The industrial metals rose at the LME on demand at lower levels after its recent fall, though disappointing US jobs report capped the prices.
Copper utensils scrap spurted by Rs 5 per kg to Rs 440 from last Saturday's closing level of Rs 435.
Copper armiture and copper sheet cutting gained by Rs 3 per kg each to Rs 459 and Rs 453 from Rs 456 and Rs 450 previously.
Copper scrap heavy and brass utensils scrap edged up by Rs 2 per kg each to Rs 469 and Rs 321 as against Rs 467 and Rs 319.
Brass sheet cutting, zinc and lead also inched up by a rupee per kg each to Rs 330, Rs 141 and Rs 137, respectively.
However, tin moved down by a Rs 2 per kg to Rs 1,415 from Rs 1,417 last weekend.
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First Published: Apr 08 2013 | 4:35 PM IST

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