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Select base metals ease on global cues

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Press Trust of India Mumbai

Meanwhile, Nickel, tin and lead rose on heavy demand from alloy industries.

Industrial metals edged down at the LME on stronger dollar as well as cautiousness ahead of European Central Bank meeting on Thursday.

Copper armiture and copper sheet cutting both edged down by Rs 2 per kg to Rs 468 and Rs 463 from Tuesday's closing level of Rs 470 and Rs 465.

Copper cable scrap, copper scrap heavy, copper utensils scrap, copper wire bar, brass utensils scrap and brass sheet cutting all softened by a rupee each per kg to Rs 485, Rs 477, Rs 444, Rs 513, Rs 317 and Rs 326 respectively.

 

However, Tin shot up by Rs 10 per kg to Rs 1,310 from Rs 1,300 and Nickel advanced by Rs 5 per kg to Rs 1,100 from Rs 1,095 previously.

Lead also inched up by Re 1 per kg to Rs 121.

  

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First Published: Jul 04 2012 | 5:06 PM IST

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