Copper, zinc & lead prices rise on firm LME advice

Mumbai, Sep 12 (UNI) Prices of copper wire bars, lead ingot and zinc slab in ferrous and non ferrous metals today ruled better on lack of offers from stockists and bullish global advice from London Metal Exchange (LME) along with Kolkata, Delhi and other centres, traders at the Bombay Metal Exchange (BME) said today.

In the ferrous category (per quintal), copper heavy and brass utensils hiked again by Rs 100 each on sustained heavy demand. Brass cutting and Aluminium utensils also gained by Rs 100 per quintal each due to lack of offers by stockists.

In the non-ferrous segment (per quintal), Copper wire bar and lead ingot were up by Rs 100 each owing to increase buying support by local dealers. Zinc slab also gained by Rs 150 in line with copper prices.

Tin slab and Nickel cathode remained steady today due to moderate demand.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 34,500, Copper utensils - Rs 31,500, Brass utensils - Rs 25,500, Brass cuttings - Rs 26,900 and Aluminium utensils - Rs 11,000.

Non-ferrous metals: Copper wire bars - Rs 38,100, Aluminium ingots - Rs 12,900, Zinc slab - Rs 16,200, Lead ingots - Rs 11,100, Tin slab - Rs 750 per kg and Nickel cathode - Rs 1,450 per kg.

UNI