Lukewarm trades track LME

DOMESTIC REVIEW / NON-FERROUS METALS

Non-ferrous metals had a largely lukewarm week in trade on the domestic market, following the trend in the London Metals Exchange (LME).

The domestic market saw three new scrap metals copper light scraps, copper sheet cutting and copper armeture have been added to the list.

The price of nickel cathodes closed at Rs 748 per kilogram, down from last Monday's close of Rs 750.

Copper wire bars closed at Rs 184 up by Rs 2 from last week. Copper heavy scraps remained flat for the second week in a row at Rs 165 but declined only for a day to Rs 164 on Friday.

Copper utensil scraps displayed a fairly stable trend with prices falling to Rs 143 from Rs 144 last week.

Brass utensil scraps displayed the same trend as well and closed at Rs 108 from Rs Rs 109 respectively.

Brass sheet cutting closed at Rs 117 up from Rs 114. Aluminium utensil scraps declined from Rs 84 last Monday to Rs 82.50.

Lead ingots declined to Rs 56 from last week's close of Rs 54.50.

Aluminium ingots closed at Rs 99, down from last week's Rs 106. Zinc slabs closed at Rs 67 from Rs 70.

Tin slabs closed at Rs 530, a downslide from last week's Rs 535.

Copper light scraps closed at Rs 163, from Rs 162 last Wednesday. Copper sheet cutting traded at Rs 153 on Wednesday and closed at Rs 156 this Monday while copper armeture closed at Rs 154 from Rs 156.