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Base metals rise on persistent demand

Press Trust of India  |  Mumbai 

Most of the base metals rose further at the non-ferrous metal market here today on stockists' buying amid persistent demand from industrial users.

While, tin dipped further owing to reduced offtake from alloy industries.

Nickel climbed by Rs 15 per kg to Rs 700 from Tuesday's closing level of Rs 685.

Copper scrap heavy rose by Rs 4 per kg to Rs 397 from Rs 393.

Copper cables scrap, copper utensils scrap and copper billets firmed up by Rs 3 per kg each to Rs 405, Rs 361 and Rs 433 from Rs 402, Rs 358 and Rs 430.

Copper armature, copper sheet cutting, brass utensils scrap, zinc and lead moved up by Rs 2 per kg each to Rs 383, Rs 377, Rs 285, Rs 120, Rs 210 and Rs 153 as against Rs 381, Rs 375, Rs 283, Rs 118, Rs 208 and Rs 151 yesterday.

However, tin dropped by Rs 15 per kg to Rs 1,360 from Rs 1,375.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 16:07 IST