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Select base metals recover on industrial demand

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Press Trust of India Mumbai
Last Updated : May 27 2013 | 5:16 PM IST
Led by nickel, select copper, brass and aluminium utensils prices recovered at the non-ferrous metal market here today on stockist buying amidst better demand from industrial users.
Meanwhile, tin declined on subdued demand from alloy industries.
In the global, the London Metal Exchange (LME) market was closed for a holiday.
Nickel shot-up by Rs 10 per kg to Rs 990 from last Saturday's closing level of Rs 980.
Copper sheet cutting and aluminium utensils scrap climbed by Rs 3 per kg each to Rs 459 and Rs 117 from Rs 456 and Rs 114.
Brass sheet cutting moved up by Rs 2 per kg to Rs 333 from Rs 331.
Copper cable scrap, copper armiture, copper wire bar and brass utensils scrap all inched up by a rupee per kg to Rs 482, Rs 463, Rs 510 and Rs 323, respectively.

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First Published: May 27 2013 | 5:16 PM IST

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