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Select base metals gains in lacklustre trade

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Press Trust of India Mumbai
Select copper, aluminium gained in an otherwise listless non-ferrous metal market here today on stockist buying amid good demand from industrial users.

However, tin slipped owing to subdued demand from alloy industries.

The industrial metals trading higher at the LME, supported by hopes of stimulus steps in China, but investors remained alert for further signs of stress in China's bond or property markets that could flag a drop in demand for copper.

Copper sheet cutting and aluminium ingots rose by Rs 3 per kg each to Rs 473 and Rs 149 from Wednesday's closing level of Rs 470 and Rs 146.
 

However, tin fell by Rs 4 per kg to Rs 1,563 as against Rs 1,567 previously.

Brass utensils scrap and zinc also softened by Re 1 per kg to Rs 350 and Rs 169, respectively.

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First Published: Mar 27 2014 | 4:25 PM IST

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