Business Standard

Select base metals end mixed in limited trade

Image

Press Trust of India Mumbai
In a limited activity, select base metals prices ended mixed at the non-ferrous metal market here today on alternate bouts of buying and selling.

The industrial metals were held near seven-month lows at the London Metal Exchange (LME) following Cyprus' rejection of bailout terms resulting renewed worries over contagion spreading across eurozone.

Nickel rose by Rs 5 per kg to Rs 1,050 from Tuesday's close of Rs 1,045 and copper utensils scrap and copper sheet cutting inched up by a rupee per kg to Rs 447 and Rs 467.

However, tin fell by Rs 5 per kg to Rs 1,420 from overnight close of Rs 1,425, while brass sheet cutting, aluminium ingots and aluminium utensils scrap all softened by a rupee per kg each to Rs 332, Rs 139 and Rs 113, respectively.

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

First Published: Mar 20 2013 | 5:40 PM IST

Explore News