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Base metals rise on industrial demand

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Press Trust of India Mumbai
Last Updated : Jul 02 2015 | 4:48 PM IST
Tin, Nickel, brass and select copper prices rose further at the non-ferrous metal market here today on stockists buying amid sustained demand from industrial users.
Globally, London copper held its ground in early trade today after strong US data eclipsed worries about factory growth in Asia, with a jobs report later in the session expected to support the view that the world's biggest economy is gaining steam.
Tin regained by Rs 10 per kg to Rs 1,140 from Wednesday's closing level of Rs 1,130.
Nickel climbed by Rs 5 per kg to Rs 945 from Rs 940.
Copper sheet cutting and bras sheet cutting moved up by Rs 2 per kg each to Rs 420 and Rs 320 from Rs 418 and Rs 318.
Copper cable scrap, copper scrap heavy, copper wire bar and brass utensils scrap inched-up by a Re per kg each to Rs 439, Rs 434, Rs 459 and Rs 306.

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First Published: Jul 02 2015 | 4:48 PM IST

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