Business Standard

Select base metals decline on lower demand, tin spurts

Image

Press Trust of India Mumbai

Meanwhile, tin spurted owing heavy demand from alloy industries.

The industrial metals were trading slightly up at the LME, after reports of economic growth in China picked up pace.

Aluminium utensils scrap dropped by Rs 5 per kg to Rs 112 from last weekend close of Rs 117.

Copper cable scrap, copper wire bar, copper sheet cutting and aluminium ingots all moved down by Rs 2 per kg each to Rs 491, Rs 519, Rs 465 and Rs 145 as against Rs 493, Rs 521, Rs 467 and Rs 147 previously.

Copper scrap heavy, copper utensils scrap and zinc all softened by Re 1 per kg to Rs 491, Rs 483 and Rs 146.

 

However, zinc shot-up by Rs 8 per kg to Rs 1,455 from Rs 1,447 and brass utensils scrap inched up by Re 1 per kg to Rs 323.

  

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 18 2010 | 8:06 PM IST

Explore News