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Select base metals weaken on reduced offtake

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Press Trust of India Mumbai
Last Updated : Nov 29 2017 | 5:30 PM IST
Select base metals including copper, brass, tin and nickel weakened further at the non-ferrous metal market here today on stockists' selling amid reduced offtake from industrial users.
While lead prices rebounded owing to fresh demand from alloy industries.
Nickel prices slipped by Rs 10 per kg to Rs 780 from Tuesday's close at Rs 790.
Copper cable scrap, copper billets and tin eased by Rs 5 per kg each to Rs 440, Rs 468 and Rs 1,335 as against yesterday's close at Rs 445, Rs 473 and Rs 1,340, respectively.
Copper scrap heavy edged down by Rs 4 per kg to Rs 430 as compared Rs 434 yesterday.
Copper armature, copper sheet cuttings, brass utensils scrap and brass sheet cuttings softened by a Re per kg each to Rs 409, Rs 404, Rs 308 and Rs 325, respectively.
However, lead gained by Rs 2 per kg to Rs 167 from Rs 165 previously.

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First Published: Nov 29 2017 | 5:30 PM IST

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