Most of the base metals, including copper, brass, nickel and tin, extended their fall at the non -ferrous metal market here today on persistent selling by stockists amid poor demand from industrial users on weak global cues.
Globally, industrial metal copper slid to its weakest level since mid-2009 in early LME trade as a stronger dollar compounded worries over torpid demand in China following a weaker than expected gauge of orders next year.
Nickel plunged by Rs 15 per kg to Rs 765 from Monday's close of Rs 780 and copper sheet cutting slumped by Rs 13 per kg to Rs 355 from 368.
Copper armiture and tin dipped by Rs 10 per kg each to Rs 360 and Rs 1,130 from overnight close of Rs 370 and Rs 1,140.
Copper cable scrap and copper wire bar dropped by Rs 8 per kg each to Rs 377 and Rs 405 as against Rs 385 and Rs 413 previously.
Brass utensils scrap and zinc fell by Rs 6 per kg each to Rs 270 and Rs 142 from Rs 276 and Rs 148 yesterday.
Copper scrap heavy, copper utensils scrap and brass sheet cutting slid by Rs 5 per kg each to Rs 373, Rs 346 and Rs 280 as compared to Rs 378, Rs 351 and Rs 285 respectively.
Lead also softened by a Re per kg to Rs 121.
