Select base metals slip on global cues

Select copper, brass and aluminium prices slipped further in an otherwise lacklustre non-ferrous metal market here today on sustained selling by stockists as well as poor demand from industrial users amid bearish London Metal Exchange (LME) cues.

The industrial metals fell to their lowest since late June in early trade after growth in China's huge property sector showed signs of cooling, while worries persisted that geopolitical tensions would dampen Europe's recovery.

Copper armiture and copper utensils moved down by Rs 2 per kg each to Rs 467 and Rs 445 from Rs 469 and Rs 447.

Copper scrap heavy, brass utensils scrap and aluminium utensils scrap softened by a Re per kg each to Rs 485, Rs 336 and Rs 133, respectively.