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Select base metal prices recover on global cues

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Press Trust of India Mumbai
Select copper, aluminium and brass prices recovered modestly at the non-ferrous metal market here today on stockists buying and better industrial offtake on the back of bullish London Metal Exchange (LME) cues.

Meanwhile, lead, tin and nickel dropped on selling pressure due to lack of industrial buying support.

The industrial metal rose at the LME on the prospect that a patchy US jobs report will prolong the Federal Reserve's bond buying program.

Brass sheet cutting climbed by Rs 4 per kg to Rs 340 from Thursday's closing level of Rs 336.

Copper sheet cutting and Brass utensil sheet moved up by Rs 2 per kg to Rs 465 and Rs 327 from Rs Rs 463 and Rs 325.
 

Copper cable scrap, copper armiture, copper wire bar and aluminium utensils scrap all edged-up by a rupee per kg each to Rs 488, Rs 468, Rs 516, and Rs 121, respectively.

However, tin and nickel fell by Rs 5 per kg each to Rs 1,345 and Rs 990 from Rs 1,350 and Rs 995.

Lead slipped by Rs 2 per kg to Rs 141 from Rs 143.

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First Published: Jun 07 2013 | 4:40 PM IST

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