Business Standard

Base metals decline on global cues

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Press Trust of India Mumbai

Most of the base metals declined at the non-ferrous metal market here today due to subdued stockists offtake amid bearish trend London Metal Exchange (LME). 

Meanwhile, copper cable scrap and copper wire bar moved up on increased demand from industrial users.

Nickel, brass utensils scrap and brass sheet cutting fell by Rs 5 per kilo each to Rs 1,390, Rs 311 and Rs 320 respectively from yesterday's closing level of Rs 1,395, Rs 316 and Rs 325.   

Copper armiture and aluminium utensils scrap both eased by Rs 3 per kilo each to Rs 453 and Rs 104 as against Rs 456 Rs 107.

 

Copper utensils scrap, copper sheet cutting and lead all edged down by Rs 2 per kilo each to Rs 425, Rs 447, Rs 118 respectively.

Zinc softened by a rupee per kilo to Rs 133. However, copper cable scrap and copper wire bar both edged up by Rs 3 per kilo each to Rs 478 and Rs 506 from Rs 475 and 503 yesterday.

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First Published: Feb 16 2011 | 5:55 PM IST

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