Metal prices up on lesser stock supply

Mumbai, May 22 (UNI) Metal prices today went up on lesser stock supply, traders at the Bombay Metal Exchange said today.

In the ferrous section, copper heavy and copper utensils were up by Rs 400 and Rs 700 per quintal due to higher advice. Brass utensil and Brass cutting also shot up by Rs 200 per quintal each on heavy demand from retailers.

In the non-ferrous category, copper wire bars and Aluminium Ingot edged up by Rs 700 and Rs 100 per quintal respectively on better buying support.

Tin slab and Nickel cathode also rose by Rs 10 and Rs 20 per kg due to increase in demand.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 35,200, Copper utensils - Rs 31,500, Brass utensils - Rs 25,500, Brass cuttings - Rs 26,300 and Aluminium utensils - Rs 11,950.

Non-ferrous metals: Copper wire bars - Rs 39,000, Aluminium ingots - Rs 14,200, Zinc slabs - Rs 19,600, Lead ingots - Rs 9,700, Tin slab - Rs 730 (per kg) and Nickel cathode - Rs 2,300 (per kg).

UNI