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Select base metals ease on reduced offtake

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Press Trust of India Mumbai

Meanwhile, tin strengthened due to good demand from alloy industries.

The industrial metal edged higher at the LME on optimism that demand from top copper consumer China would recover by year-end, though an upcoming holiday in China and persistent concerns about Europe's debt crisis kept gains in check.

Copper sheet cutting and aluminium utensils moved down by Rs 3 per kg each to Rs 460 and Rs 115 from Wednesday's closing level of Rs 463 and Rs 118.

Copper scrap heavy, copper armature and aluminium ingots edged down by Rs 2 per kg each to Rs 474, Rs 464 and Rs 143 from Rs 476, Rs 466 and Rs 145.

 

Copper utensils scrap and brass utensils scrap both softened by Re 1 per kg to Rs 442 and Rs 322.

However, tin advanced by Rs 5 per kg to Rs 1,305 from Rs 1,300.

  

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First Published: Sep 27 2012 | 4:35 PM IST

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