Base metals slips on subdued demand

Select base metals including copper, brass, zinc, lead, tin and nickel slipped at the non-ferrous metal market here today on stockists selling amid subdued demand from industrial users.
Overseas, base metals were mixed in early LME trade following weaker oil and firmer dollar may act as strong headwinds.
Nickel dropped by Rs 10 per kg to Rs 710 from Monday's closing level of Rs 720.
Tin fell by Rs 7 per kg to Rs 1,305 from Rs 1,312.
Zinc and lead declined by Rs 4 per kg each to Rs 171 and Rs 136 from Rs 175 and Rs 140.

Copper cable scrap and copper wire bar dipped by Rs 3 per kg each to Rs 388 and Rs 416 as against Rs 391 and Rs 419, respectively.
Copper armiture, Copper utensil scrap and Copper sheet cutting moved down to Rs 2 per kg each to Rs 378, Rs 357 and Rs 373 compared to Rs 380, Rs 359 and Rs 375 yesterday.
Copper scrap heavy, brass utensils scrap and brass sheet softened by a Re per kg each to Rs 384, Rs 288 and Rs 293, respectively.