Metal prices down on thin buying support

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Mumbai, Dec 14 (UNI) Copper heavy, copper utensils, brass utensils, copper wire bars, zinc slab and Lead ingot in ferrous and non-ferrous categories fell further due to thin buying support on bearish advice from London Metal Exchange (LMR), Kolkata, Delhi, Indore and southern regions, traders at the Bombay Metal Exchange (BME) said.

In the ferrous category (per quintal), copper heavy, copper utensils inched down by Rs 200 each. Brass utensils and brass cuttings drifted lower by Rs 200 and Rs 300 respectively owing to sluggish demand by bulk consumers.

However, aluminium utensils remained steady on moderate demand.

In the non-ferrous category (per quintal), copper wire bar and zinc slab declined by Rs 200 and Rs 300 respectively because of improved offers by stockists.

Similarly, nickel cathode tumbled by Rs 5 per kg in line with copper prices.

Tin slab remained flat on moderate demand.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 33,100, Copper utensils - Rs 31,000, Brass utensils - Rs 23,700, Brass cuttings - Rs 24,300 and Aluminium utensils - Rs 10,600.

Non-ferrous metals: Copper wire bars - Rs 36,500, Aluminium ingots - Rs 12,300, Zinc slab - Rs 12,700, Lead ingots - Rs 11,600, Tin slab - Rs 790 per kg and Nickel cathode - Rs 1,320 per kg.


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