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Select base metals ease on subdued demand

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Press Trust of India Mumbai
Select base metals eased further at the non-ferrous metal market here today on stockists selling amid subdued demand from industrial users.

Meanwhile, tin, zinc and lead rebounded due to renewed demand from alloy industries.

Brass sheet cuttings moved down by Rs 3 per kg to Rs 273 from Thursday's close of Rs 276.

Copper cable scrap, copper scrap heavy, copper armiture, copper utensils, copper wire bar and copper sheet cuttings edged down by Rs 2 per kg each to Rs 371, Rs 365, Rs 356, Rs 334, Rs 399 and Rs 351 as compared to Rs 373, Rs 367, Rs 358, Rs 336, Rs 401 and Rs 352, respectively.
 

Brass utensils scrap softened by Re 1 per kg to Rs 268.

However, tin rose by Rs 5 per kg to Rs 1,360 from yesterday's close of Rs 1,355.

Zinc and lead inched up by Re 1 per kg each to Rs 178 and Rs 134 respectively.

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First Published: Jul 08 2016 | 4:57 PM IST

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