Base metals decline on low industrial demand

Image
Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 7:32 PM IST

Tin, copper and brass prices declined at the non-ferrous metal market here today due to sluggish industrial demand amidst bearish trend at the London Metal Exchange (LME).

While, zinc prices moved up on increased offtake from consumer industries. 

Tin dropped by Rs 5 per kilo to Rs 1,415 from last Saturday's closing level of Rs 1,420 and copper sheets cutting fell by Rs 3 per kilo to Rs 427, as against Rs 430 previously.

Copper cable scrap edged down by Rs 2 per kilo to Rs 453 from Rs 455. 

Copper armiture, copper wire bar and brass utensils scrap softened by Re 1 per kilo each to Rs 434, Rs 482 and Rs 298, respectivey.

However, zinc inched up by Re 1 per kilo to Rs 134 from Rs 133 last weekend.

More From This Section

First Published: Jan 17 2011 | 4:55 PM IST

Next Story