Copper rises on industrial demand

Prices of copper and brass sheet cuttings rose at the non-ferrous metal market here today on stockists buying amidst good demand from industrial users.
However, nickle, tin, lead and brass utensils scrap declined owing to subdued offtake from alloy industries.
Globally, industrial metal copper fell at the LME in early trade and was facing its seventh weekly loss, as poor factory growth in China compounded fears that its economy was worsening, eroding the demand outlook for metals.
Copper armiture gained by Rs 5 per kg to Rs 394 from Thursday's closing level of Rs 389 and copper utensils scrap moved up by Rs 3 per kg to Rs 368 as compared to Rs 365 yesterday.

Copper sheet cuttings edged up by Rs 2 per kg to Rs 387 as against to Rs 385.
Copper cable scrap, copper scrap heavy, copper wire bar and brass sheet cuttings inched up by a Re per kg each to Rs 405, Rs 398, Rs 433 and Rs 301, respectively.
However, tin and nickel declined by Rs 5 per kg each to Rs 1,160 and Rs 845 from Thursday's close to Rs 1,165 and Rs 850.
Brass utensils scrap and lead softened by a Re per kg each to Rs 295 and Rs 126, respectively.