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Base metals dropped on reduced demand

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Press Trust of India Mumbai
Most of the base metals dropped further at the non-ferrous market here today due to stockists selling amid reduced demand from industrial users.

While, tin prices rose following good demand from alloy industries.

Nickle prices fell by Rs 10 per kg to Rs 730 from Wednesday's close at Rs 740.

Copper cable scrap, copper scrap heavy and copper wire bar moved down by Rs 3 per kg each to Rs 380, Rs 375 and Rs 408 as against Rs 383, Rs 378 and Rs 411 yesterday.

Copper armature, copper utensils and zinc edged down by Rs 2 per kg each to Rs 368, Rs 345 and Rs 166 as compared to Rs 370, Rs 347 and Rs 168 previously.
 

Copper sheet cuttings, brass utensils scrap, brass sheet cuttings and lead softened by a Re per kg each to Rs 363, Rs 276, Rs 284 and Rs 135 respectively.

However, tin went up by Rs 5 per kg to Rs 1,315 from Wednesday's closing level of Rs 1,310.

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First Published: May 05 2016 | 4:28 PM IST

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