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Select base metals firm up on global sentiment

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Press Trust of India Mumbai

Select base metals firm up at the non-ferrous metal market here today due to increased industrial demand as well as stockist buying, supported by a bullish trend at the London Metal Exchange (LME).

Meanwhile, zinc and select copper prices moved down on reduced offtake from consumer industries.

Tin and nickel both strengthened by Rs 10 per kilo each to Rs 1,320 and Rs 1,220 from last weekend's closing level of Rs 1,310 and Rs 1,210. 

Copper armiture, copper sheets cutting and brass utensils scrap inched up by a rupee per kilo each to Rs 399, Rs 393 and Rs 274, respectively. 

However, zinc, copper cable scrap and copper wire bar eased by a rupee per kilo each to Rs 125, Rs 418 and Rs 446, respectively.

 

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First Published: Dec 20 2010 | 5:12 PM IST

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