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Select base metals edges up

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Press Trust of India Mumbai
Select copper and brass prices edged up at the non-ferrous metals market here today on stockists buying amid good demand from industrial users in the back of global cues.

On the global front, industrial metal copper firmed in early trade, but was still set to close the week with its deepest loss in four weeks, as stronger China imports fanned only a modest recovery in prices given ample supply.

Brass utensils scrap rose by Rs 5 per kg to Rs 295 from wednesday's closing level of Rs 290.

Copper cable scrap, copper utensils, copper wire bar and copper sheet cuttings moved up by Rs 2 per kg each to Rs 406, Rs 372, Rs 434 and Rs 387 as compared to Rs 404, Rs 370, Rs 432 and Rs 385 previously.
 

Copper scrap heavy, copper armiture and brass sheet cuttings inched up by a Re per kg each to Rs 400, Rs 391 and Rs 303 respectively.

However, lead prices softened by a Re per kg to Rs 122.

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First Published: Oct 23 2015 | 5:02 PM IST

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