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Base metal advances on good demand

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 4:33 AM IST

The industrial metals trading lower at the LME following cautiousness over China's warning against relaxing curbs on the property sector amidst concerns over global economic slow-down.

Nickel and tin climbed by Rs 5 per kg each to Rs 1,080 and Rs 1,290 from Thursday's closing level of Rs 1,075 and Rs 1,285.

Copper sheet cutting rose by Rs 4 per kg to Rs 470 from Rs 466 and Copper scrap heavy edged up by Rs 2 per kg to Rs 479 from Rs 477 yesterday.

Copper cable scrap, copper utensils scrap, copper wire bar, brass utensils scrap, brass sheet cutting and lead all looked up by a rupee per kg each to Rs 486, Rs 445, Rs 514 Rs 318, Rs 328 and Rs 122, respectively.

However, zinc softened by Re 1 per kg to Rs 133.

  

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First Published: Jul 20 2012 | 4:35 PM IST

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