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Base metals fall on subdued demand

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Press Trust of India Mumbai
Nickel, tin and select copper fell at the non-ferrous metal market here today on selling by stockists amid subdued demand from industrial users.

Globally, the industrial metal edged up at the LME in early trade following its slide of 5 per cent last month, but remained under pressure with data stocking worries about demand in top metals user China.

Tin declined by Rs 15 per kg to Rs 1,220 from Saturday's closing level of Rs 1,235.

Copper wire bar and nickle dipped by Rs 5 per kg each to Rs 470 and Rs 970 as against to Rs 475 and Rs 975.
 

Copper scrap heavy and copper sheets cuttings eased to Rs 2 per kg to Rs 445 and Rs 428 from Rs 447 and Rs 430 previously.

Copper utensils scrap softened by a Re per kg to Rs 407.

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First Published: Jun 01 2015 | 5:22 PM IST

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