Ignoring Global Volatility

Domestic/Metal

Non-ferrous metals witnessed a volatile trading last week on London metal Exchange (LME) and on Asian markets such as Singapore and Malaysia.

The stock positon on LME continued to influence price movements around the globe in the metals futures.

However back home in Mumbai, the non-ferrous metals market remained steady with minor price movements.

Copper heavy scrap traded in a range of Rs 107-108.50 per kg while copper utensil scrap traded within Rs 98-100/kg. Brass utensils scraps and brass sheet cutting both witnessed about a rupee