Select base metals slips on lower demand

Select base metals prices slipped at the non-ferrous metal market here today on stockist selling amidst lower demand from industrial users.
Meanwhile, nickel rebounded on renewed demand from alloy industries.
The industrial metals edged higher at the LME, on optimism over global economic growth.
Brass sheet cutting fell by Rs 5 per kg to Rs 334 from Monday's closing level of Rs 339 and Copper sheet cutting declined by Rs 4 per kg to Rs 468 from Rs 472.
Copper cable scrap, copper wire bar and aluminium utensils moved down by Rs 2 per kg each to Rs 492, Rs 520 and Rs 114 from Rs 494, Rs 520 and Rs 116, respectively.

Copper utensil scrap and brass utensils scrap softened by a rupee per kg each to Rs 451 and Rs 325.
However, nickel shot-up by Rs 5 per kg to Rs 1,060 as against Rs 1,055 yesterday.
Zinc inched-up by a rupee per kg Rs 146.