Select base metals slip on subdued demand

Select copper, brass, aluminium, and nickel prices slipped at the non-ferrous metal market here today on stockists selling amidst subdued demand from industrial users.
Meanwhile, tin, lead copper scrap heavy recovered on renewed offtake from alloy industries.
Globally, zinc was steady at the LME in early trade as traders took profits after a four-session winning streak that pushed prices to near three-year highs on prospects of falling supply, while copper was also steady, as tight supply supported prices.
Copper sheet cutting and aluminium ingots declined by Rs 3 per kg each to Rs 470 and Rs 161 from Monday's closing level of Rs 473 and Rs 164, respectively.

Copper utensils scrap, brass utensils scrap and nickel moved down by Rs 2 per kg each to Rs 449, Rs 336 and Rs 1,248 from Rs 451, Rs 338 and Rs 1,250.
Copper armature softened by Re 1 per kg to Rs 474.
However, tin climbed by Rs 5 per kg to Rs 1,590 as against Rs 1,585 yesterday.
Copper scrap heavy moved up by Rs 2 per kg to Rs 487 from Rs 485 and lead edged-up by a Re per kg to Rs 148.