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Base metals firm up on rising industrial demand

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Press Trust of India Mumbai
Last Updated : Aug 23 2013 | 4:05 PM IST
Most of the base metals prices firmed up at the non-ferrous metal market here today on heavy stockist buying amidst consistent industrial demand.
The industrial metals was trading steady at the LME as promising data from top consumer China continued to underpin, although concerns over a gradual end to US stimulus muddied the outlook.
Nickel and tin climbed by Rs 5 per kg each to Rs 1,035 and Rs 1,460 from Thursday's closing level of Rs 1,030 and Rs 1,460.
Zinc gained by Rs 3 per kg to Rs 165 from Rs 162.
Copper cable scrap, copper scrap heavy, copper wire bar and aluminium ingots moved-up by Rs 2 per kg each to Rs 519, Rs 509, Rs 547 and Rs 157 from Rs 517, Rs 507, Rs 545 and Rs 155.
Copper utensils scrap and brass sheet cutting inched up by Re 1 per kg to Rs 466 and Rs 355, respectively.
Copper sheet cutting softened by Re 1 per kg to Rs 488.

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First Published: Aug 23 2013 | 4:05 PM IST

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