Select base metals drop on global cues

Select base metal prices dropped further at the non-ferrous metal market here today on consistent stockist selling amidst weak demand from industrial users on back of lower London Metal Exchange (LME) cues.

Meanwhile, zinc and lead prices edged-up on better offtake from consumer industries.

The industrial metals eased at the London Metal Exchange (LME) not far from 8-month lows, sustained by the Bank of Japan's unprecedented stimulus and biding time ahead of a headline US jobs data with top consumer China out on holiday.

Copper scrap heavy fell by Rs 4 per kg to Rs 466 from Thursday's closing level of Rs 470.
 

Copper cable scrap and copper wire bar both declined by Rs 3 per kg each to Rs 474 and Rs 502 from Rs 477 and Rs 505.

Copper armiture, copper utensils scrap, copper sheet cutting and brass utensil scrap softened by a rupee per kg each to Rs 456, Rs 434, Rs 452 and Rs 319, respectively.

However, zinc and lead inched-up by a rupee per kg each to Rs 140 and Rs 136.