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Base metals advance on sustained demand

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Press Trust of India Mumbai
Last Updated : Nov 22 2013 | 4:31 PM IST
Select base metals advanced further at the non-ferrous metal market here today due to sustained stockist buying amidst rising demand from industrial users on the back of higher London Metal Exchange (LME) cues.
The industrial metals were trading higher at the LME, for the first week buoyed by an improving outlook for demand and a temporary shortfall in supply.
Tin and copper sheet cutting surge by Rs 5 per kg to Rs 1,585 from Thursday's closing level of Rs 1,580.
Copper armature, copper utensils scrap and lead climbed by Rs 2 per kg each to Rs 480, Rs 456 and Rs 131 from Rs 478, Rs 454 and Rs 129, respectively.
Copper cable scrap, copper wire bar, brass sheet cutting, aluminium utensils scrap and zinc all inched-up by Re 1 per kg each to Rs 501, Rs 529, Rs 353, Rs 123 and Rs 161, respectively.
However, copper scrap heavy softened by a Re per kg to Rs 492.

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First Published: Nov 22 2013 | 4:31 PM IST

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