Business Standard

Select base metals mixed

Image

Press Trust of India Mumbai
Select base metals ended largely mixed at the non-ferrous metal market here today on alternate bouts of buying and selling.

Globally, Industrial metal copper was treading water in early trade, having crashed through the USD 5,000 mark for the first time since 2009 in the previous session as persistent China demand concerns and a worsening technical picture pointed to further losses.

Copper sheets cuttings fell by Rs 4 per kg to Rs 383 from Tuesday's closing level of Rs 387.

Copper armiture and brass utensils scrap eased by Rs 2 per kg each to Rs 390 and Rs 294 as compared to Rs 392 and Rs 296 yesterday.
 

Copper utensils scrap and zinc softened by a Re per kg each to Rs 367 and Rs 158 respectively.

However, copper cable scrap and copper wire bar edged up by Rs 2 per kg each to Rs 404 and 432 from overnight closing level of Rs 402 and Rs 430 respectively.

Copper scrap heavy and brass sheets cutting inched up by a Re per kg each to Rs 397 and Rs 302.

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

First Published: Aug 19 2015 | 4:02 PM IST

Explore News