Business Standard

Select base metals move down on subdued demand

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Press Trust of India Mumbai

Meanwhile, nickel, tin and aluminium prices spurted due to sustained buying by stockist on the back of good demand from alloy and consumer industries.

The industrial metals rallied to its highest in six-weeks at the LME on manufacturing data from top consumer China fuelled a cautious return in investors' appetite for the metal.

Brass sheet cutting fell by Rs 4 per kg to Rs 331 from last weekend's level of Rs 335 and copper sheet cutting slid by Rs 3 per kg to Rs 463 from Rs 466.

Copper utensils scrap and brass utensils scrap slipped by Rs 2 per kg each to Rs 443 and Rs 320 from Rs 445 and Rs 322.

 

Copper cable scrap, copper scrap heavy, copper wire bar and aluminium utensils scrap all softened by a rupee per kg to Rs 489, Rs 479, Rs 517 and 114 respectively.

However, nickel shot-up by Rs 20 per kg to Rs 1,100 from Rs 1,080 and Tin surged by Rs 10 per kg to Rs 1,380 from last Saturday's closing level of Rs 1,370.

Aluminium ingots gained by Rs 5 per kg to Rs 148 from Rs 143.

  

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First Published: Dec 03 2012 | 5:05 PM IST

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