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Mix trend in base metals

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Press Trust of India Mumbai
Last Updated : Aug 27 2015 | 4:42 PM IST
Select base metals maintained mixed trend at the non-ferrous metal market here today on alternate bouts of buying and selling.
Globally, industrial metal copper futures strengthened in early trade after a sharp rebound on Wall Street helped calm investors hit by worries over China's faltering economy.
Nickle rose by Rs 5 per kg to Rs 815 from Wednesday's closing level of Rs 810 and copper utensils scrap gained Rs 4 per kg to Rs 371 as compared to Rs 367 previously.
Copper wire bar and brass utensils scrap moved up by Rs 2 per kg each to Rs 433 and Rs 298 as against Rs 431 and Rs 296 respectively and copper sheet cuttings inched up by a Re per kg to Rs 388.
Meanwhile, tin declined by Rs 15 per kg to Rs 1,125 from overnight closing level of Rs 1,140 and zinc slipped by Rs 4 per kg to Rs 153 as against to Rs 157 yesterday.
Lead and copper armiture softened by a Re per kg each to Rs 124 and Rs 393, respectively.

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First Published: Aug 27 2015 | 4:42 PM IST

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