Select base metals slip on selling

Prices of nickel, lead and select copper slipped at the non-ferrous metal market here today due to stockists selling amidst subdued demand from industrial users.
Meanwhile, brass utensils scrap and aluminium ingots gained on good offtake from alloy industries.
The industrial metals was tad firmer in early trade at LME, after a weak jobs report on Friday soothed concerns that the United States would soon begin to draw back liquidity that has cushioned metals demand.
Nickel declined by Rs 5 per kg to RS 1,240 from last Saturday's closing level of Rs 1,245.
Copper cable scrap, copper wire bar, copper sheet cutting and lead softened by a Re per kg each to Rs 497, Rs 525, Rs 468 and Rs 142, respectively.

However, aluminium ingots climbed by Rs 3 per kg to Rs 172 from Rs 169.
Brass utensils scrap inched up by Re 1 per kg to Rs 340.