Select metals firm up on industrial buying

Prices of nickel, zinc, brass, aluminium and copper sheets cutting firmed up at the non- ferrous metal market here today due to increased demand from industrial users.
Meanwhile, select copper varieties declined marginally on the back of sluggish offtake from consuming industries.
Globally, base metals strengthened further in early LME trade with copper climbing to hit an 11-week high after disappointing housing data from China fuelled speculation that policymakers will unveil fresh stimulus measures to stabilise the economy.
Nickel rose by Rs 5 per kg to Rs 1,245 from last Saturday's closing level of Rs 1,240 and brass sheets cutting moved up by Rs 3 per kilo to Rs 361 as against Rs 358.

Zinc, aluminium utensils scrap and copper sheets cutting all moved up by Rs 2 per kg each to Rs 174, Rs 129 and 478, respectively.
Brass utensils scrap also inched up by Re 1 per kg to Rs 348.
However, copper cable scrap, copper armature and copper wire bar softened by Re 1 per kg each to Rs 495, Rs 480 and Rs 523.