Select copper and zinc prices firmed up further at the non-ferrous metal market here today due to sustained industrial demand as well as good stockists buying.
On the other hand, nickel, copper sheets cutting, lead and brass utensils scrap declined owing to reduced off-take by alloy industries.
Globally, most industrial metals are trading higher on the LME with copper gaining the most on strong demand amid supply concerns following a shutdown in Indonesian mines, while nickel slumped to hit its lowest levels since July 2009.
Copper cable scrap, copper scrap heavy, copper armature, copper wire bar and zinc all gained by Re 1 per kg each to Rs 487, Rs 479, Rs 466, Rs 515 and Rs 144, respectively.
However, nickel declined by Rs 5 per kg to Rs 985 from yesterday's closing level of Rs 990 and copper sheets cutting fell by Rs 3 per kg to 460 from Rs 463.
Lead and brass utensils scrap both eased by Re 1 per kg to Rs 137 and Rs 325.
