Thursday, July 24, 2014

India - Metal Price - Base metals (Copper, Zinc, Tin and Nickel) rose at the non-ferrous metal market - stockists buying amid sustained demand from industrial users

Base metals rose at the non-ferrous metal market here today on stockists buying amid sustained demand from industrial users.

The industrial metal, copper was little changed in early trade at the LME, shrugging of news that miners in Indonesia may soon resume ore exports that have been halted since January, while traders awaited a string of flash manufacturing sector reports.

Tin and Nickel climbed by Rs 5 per kg to Rs 1,580 and Rs 1,245 from wednesday's closing level of Rs 1,575 and Rs 1,240.

Copper scrap heavy moved up by Rs 3 per kg to Rs 489 from Rs 486 previously.

Copper utensils scrap, brass utensils scrap and zinc edged up by Rs 2 per kg each to Rs 448, Rs 337 and Rs 194 as against Rs 446, Rs 335 and Rs 192 yesterday.

Copper cable scrap, copper armature, copper wire bar, copper sheet cuttings and brass sheets cuttings all inched up by Re 1 each to Rs 495, Rs 471, Rs 523, Rs 464 and Rs 356, respectively.

Article Source: http://www.business-standard.com/article/pti-stories/base-metals-rise-on-sustained-demand-114072400937_1.html
Publication Date: 24 Jul 2014

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