Select base metals decline on sluggish demand

Select copper, zinc and nickel prices declined at the non-ferrous metal market today due to stockist selling amid weak demand from industrial users.

Copper sheet cuttings and brass utensils scrap were marginal up, owing to good demand from consuming industries.

Nickel prices slid by Rs 5 per kg to Rs 920 from Wednesday's closing level of Rs 925 and copper armiture eased by Rs 3 per kg to Rs 439 from Rs 442.

Copper cable scrap, copper scrap heavy, copper billets and zinc edged down by Rs 2 per kg each to Rs 455, Rs 447, Rs 483 and Rs 243 as against Rs 457, Rs 449, Rs 485 and Rs 245, respectively yesterday.
 

Copper utensils softened by a Re per kg to Rs 416.

However, copper sheet cuttings and brass utensils scrap inched up per kg each to Rs 436 and Rs 337.