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Select base metals ease on lower demand

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 6:57 AM IST

Meanwhile, select copper, aluminium and lead rose owing good offtake consumer industries.

The industrial metal moved up at the LME amid cautiousness prevailing on continued uncertainty of US talks to avert fiscal cliff on the back of mixed bag of economic data.

Nickel fell by Rs 5 per kg to Rs 1,105 from Thursday's close of Rs 1,110 and brass sheet cutting declined by Rs 3 per kg to Rs 331 from Rs 334.

Copper sheet cutting and brass utensils scrap edged down by Rs 2 per kg to Rs 463 and Rs 321 as against Rs 465 and Rs 323 yesterday.

Copper cable scrap, copper utensils scrap, copper wire bar also softened by a rupee per kg each to Rs 489, Rs 443 and Rs 517 respectively.

However, copper armiture rose by Rs 4 per kg to Rs 467 from Rs 463 and aluminium ingots by Rs 2 per kg to Rs 150 from Rs 148 and lead inched up by a rupee per kg to Rs 128 from Rs 127.

  

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First Published: Dec 21 2012 | 4:45 PM IST

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