Select base metals ease on low demand, global cues

Select base metals including copper, tin, lead and zinc eased at the non-ferrous metal market here due to selling by stockists amid lower demand from industrial users on the back of bearish global cues.
Meanwhile, brass and copper utensils scrap moved up following good offtake from consuming industries.
On the global front, industrial metal copper dipped to a one-month low in early LME trade after China's factory growth contracted in October, raising concerns that successive easing measures in the world's top metals user are failing to jump start the real economy.
Tin fell by Rs 5 per kg to Rs 1,165 from last Saturday's closing level of Rs 1,170.

Copper cable scrap, copper scrap heavy, copper wire bar, copper sheet cutting, zinc and lead all softened by a Re per kg each to Rs 404, Rs 398 and Rs 432, Rs 383, Rs 150 and Rs 121, respectively.
However, copper utensils scrap, brass sheet cutting edged up by Rs 2 per kg to Rs 368 and Rs 297 as against Rs 366 and Rs 295 last weekend.
Brass utensils scrap also inched up by a Re per kg to Rs 289.