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Select base metals decline on poor demand

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Press Trust of India Mumbai
Select base metals, including copper, aluminium, zinc and lead, declined at the non-ferrous metal market here today on stockists selling amid lower demand from industrial users.

Meanwhile, tin recovered owing to renewed demand from alloy industries.

Globally, industrial metal copper edged higher in early LME trade, but remained near five-week lows as China's fitful growth tempered consumer appetite even as traders trimmed risk ahead of a key U.S. Jobs report.

Copper armiture fell by Rs 4 per kg to Rs 382 from Thursday's closing level of Rs 386 and copper scrap heavy moved down by Rs 3 per kg to Rs 393 as against to Rs 396 yesterday.
 

Copper cable scrap, copper utensils scrap and copper wire bar edged down by Rs 2 per kg each to Rs 400, Rs 365 and Rs 428 as compared to Rs 402, Rs 367 and Rs 430 previously.

Copper sheet cuttings, aluminium ingots, zinc and lead softened by Re 1 per kg each to Rs 380, Rs 131, Rs 149 and Rs 120 respectively.

However, tin rose by Rs 5 per kg to Rs 1,145 as against Rs 1,140 yesterday.

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First Published: Nov 06 2015 | 5:22 PM IST

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