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Select base metals climb on rising demand, global cues

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Press Trust of India Mumbai
Select copper and brass prices climbed further at the non-ferrous metal market here today due to consistent stockists buying amidst rising demand from industrial users on the back of higher London Metal Exchange (LME) cues.

Meanwhile, tin fell further on stockists selling amid reduced demand from alloy industries.

The industrial metal advanced further at the LME, jumping to its highest in four months as trading began after a two-day break, with signs of economic revival in Asia and the US burnishing the demand outlook for metals.

Copper utensils scrap moved-up by Rs 2 per kg to Rs 467 from Thursday's closing level of Rs 465.
 

Copper cable scrap, copper armature, copper wire bar, copper sheet cutting, brass utensils scrap and brass sheet cutting inched-up by a Re per kg each to Rs 513, Rs 493, Rs 541, Rs 486, Rs 355 and Rs 360, respectively.

However, tin dipped by Rs 5 per kg to Rs 1,520 as against Rs 1,525 previously.

Lead softened by a Re per kg to Rs 138.

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First Published: Dec 27 2013 | 4:31 PM IST

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