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Copper, brass rise on industrial demand

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Press Trust of India Mumbai

Tin slumped on subdued demand from alloy industries.

The industrial metals dropped on renewed concerns over global economy as well as investors caution on trade data from China later this week.

Brass utensils scrap spurted by Rs 6 per kg to Rs 330 from last Saturday's closing level of Rs 324.

Copper cable scrap and copper wire bar both surged by Rs 5 per kg to Rs 489 and Rs 517 from Rs 484 and Rs 512 previously.

Copper scrap heavy and Copper sheet cutting climbed by Rs 4 per kg to Rs 479 and Rs 466 as against Rs 475 and Rs 462.

 

Copper armature and brass sheet cutting moved up by Rs 3 per kg to Rs 468 and Rs 337 from Rs 465 and Rs 334.

Copper utensils scrap also inched up by a rupee per kg to Rs 442.

However, Tin dipped by Rs 15 per kg to Rs 1,295 from Rs 1,310 last weekend.

  

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First Published: Oct 08 2012 | 4:45 PM IST

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