The domestic non ferrous metals market remained relatively unchanged through the week, with prices going up a few rupees for a few base metals but others mostly keeping a Rs 2 to Rs 5 range through the week.
Aluminium ingots remained in the range of Rs 91.50 to Rs 91 , ending the week at a lower price while its utersil scrap remained range bound between Rs 76.50 and Rs 76. Brass sheet cutting remained range bound between Rs 88.50 and Rs 88, while its utersil scrap remained at Rs 85 unchanged through the week.
Prices of heavy scraps of copper kept a price range of Rs 108.50 to Rs 109.50 , ending the week on a lower note while copper utersil scrap kept a range of Rs 100 to Rs 99.50. Bars of copper wire remained at Rs 129 all through the week.
Lead ingots ended the week at Rs 37 after touching an intra week high of Rs 38.
Nickel cathodes kept within a price range of Rs 530 to ts Rs 535, ending the on a higher note.
Tin slabs kept a price range of Rs 295 to Rs 298 ending the week on a higher note.
Zinc slabs kept a narrow price range of Rs 62 to Rs 61.50 for the week.
Malaysian tin on the Kuala Lumpur Tim Market (KLTM) ended higher by about $55 pushed up by strong European and Japanese demand. Spot price on Friday was quoted at $ 4,710 per tonne against its closing of $4,655 from Thursday.
Asian aluminium premiums over the London Metal Exchange (LME) cash price were mostly higher as demand increased and supply continued to be tight.
Demand mostly originated from Japan, Taiwan and Singapore. Premiums for aluminiums of Chinese and Indian origin were at about $11 to $20 per tonne.
Copper premiums in Asia were unchanged by midweek in comparison to the LME cash price with tightened supplies.
Spot premiums in China are expected to be watched closely as if the metal premiums rise there, most other market will follow suit.
