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Base metals surge on firm demand

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Mumbai, Oct 17 (PTI) Most of the base metals surged at the non-ferrous metal market here today on heavy buying by stockists amid firm demand from industrial users.

Tin slipped owing to subdued demand from alloy industries.

Copper utensils advanced by Rs 9 per kg to Rs 394 from Monday's close at Rs 385.

Copper scrap heavy, copper sheet cuttings, brass utensils scrap and nickel gained by Rs 5 per kg each to Rs 435, Rs 415, Rs 312 and Rs 775 as against Rs 430, Rs 410, Rs 410 and Rs 307, respectively.

Copper cable scrap and copper billets rose by Rs 4 per kg each to Rs 444 and Rs 472 as compared Rs 440 and Rs 468 yesterday.

Copper armature moved up by Rs 3 per kg to Rs 472 as against yesterday's close at Rs 468 and brass sheet cuttings edged up by Rs 2 per kg to Rs 327 from Rs 325 previously.

However, tin declined by Rs 10 per kg to Rs 1,400 from yesterday's close at Rs 1,410. PTI BPD SBT

Disclaimer: This story has not been edited by BW staff and is auto-generated from a syndicated feed.


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