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Select copper, tin slip on global cues

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Press Trust of India Mumbai
Select copper and tin prices slipped in an otherwise lacklustre non-ferrous metal market here today on stockists selling amidst lower demand from industrial users on the back of subdued global cues.

On the global front, the industrial metal copper slipped in early trade at the LME from near four month highs, as markets more broadly digested a stream of weak global factory reports that may push monetary officials in the US and China to maintain easier policies.

Tin declined by Rs 5 per kg to Rs 1,250 from Monday's closing level of Rs 1,245.

Copper armiture fell by Rs 4 per kg to Rs 441 as compared to Rs 445 previously.
 

Copper cable scrap, copper scrap heavy and copper wire bar moved down by Rs 3 per kg each to Rs 455, Rs 450 and Rs 475 as against Rs 458, Rs 453 and Rs 478, yesterday.

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First Published: May 05 2015 | 4:57 PM IST

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