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Base metals gains on good demand

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Press Trust of India Mumbai
Select copper, brass, aluminium, zinc, lead and nickel firmed up at the non-ferrous metal market here today on sustained stockists buying amid good demand from industrial users.

Meanwhile, tin witnessed selling on subdued demand from alloy industries.

Globally, the industrial metals copper was little changed in mute early trade at the LME following four weeks of gains driven by tightening supply.

Nickel and aluminium ingots climbed by Rs 5 per kg each to Rs 1,250 and Rs 164 from last Saturday's closing level of Rs 1,245 and Rs 159.

Zinc and lead rose by Rs 3 per kg each to Rs 189 and Rs 147 as against Rs 186 and Rs 144 previously.
 

Copper armature and brass sheet cutting moved up by Rs 2 per kg to Rs 475 and Rs 354 as compared to Rs 473 and Rs 352.

Copper sheet cutting and brass utensils scrap both inched up by Re 1 per kg to Rs 473 and Rs 338.

However, tin fell by Rs 5 per kg to Rs 1,585 from last weekend level of Rs 1,590.

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First Published: Jul 14 2014 | 4:18 PM IST

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