Key metal prices rise on strong LME advice

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Mumbai, Nov 7 (UNI) Prices of select metals like Copper heavy, nickel cathode, tin slab, brass cuttings and zinc in ferrous and non ferrous metals rallied on lack of selling pressure by stockists in view of bullish advice from London Metal Exchange (LME) along with Kolkata, Delhi and Indore centres, traders at the Bombay Metal Exchange (BME) said.

In the ferrous category (per quintal), Copper heavy, copper utensils and Brass cuttings rose by Rs 200, Rs 300 and Rs 100 respectively owing to sustained heavy fresh buying support from industrial users.

In the non-ferrous segment (per quintal), Copper wire bars, aluminium ingots and zinc slab rose by Rs 200, Rs 100 and Rs 300 respectively on brisk demand from big dealers. Tin slab and Nnckel cathode also gained by Rs seven and Rs 25 per kg in line with copper.

Following are the spot metal prices per quintal: Ferrous metals - Copper heavy: Rs 35,200, Copper utensils: Rs 32,000, Brass utensils: Rs 25,500, Brass cuttings: Rs 26,600 and Aluminium utensils: Rs 10,700.

Non-ferrous metals - Copper wire bars: Rs 38,400, Aluminium ingots: Rs 12,400, Zinc slab: Rs 15,500, Lead ingots: Rs 14,000, Tin slab: Rs 810 per kg and Nickel cathode: Rs 1,550 per kg.


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