Mumbai, Dec 24 (UNI) Prices of nickel cathode, tin slab, copper heavy, and copper wire bars in ferrous and non-ferrous metal segment today rallied on increased industrial users' demand, along with bullish advices from domestic and foreign markets like Kolkata, Delhi and London Metal Exchange (LME), traders at Bombay Metal Exchange (BME) said.
The prices of other metals remained unchanged on moderate buying by local dealers.
In ferrous metal segments (per quintal), Copper heavy and its utensils advanced by Rs 400 and Rs 200 respectively on fresh speculative demand by big dealers along with lesser ready stocks at the domestic market.
In non ferrous metal group, copper wire bars also rose by Rs two per quintal while tin slab and nickel cathode gained by Rs five and Rs 20 per kg respectively on lack of offers from stock hoders in view of strong advice from abroad and upcountry centres. Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 33,400, copper utensils - Rs 314,00, brass utensils - Rs 245,00, brass cuttings - Rs 25,200 and aluminium utensils - Rs 10,400 per kg.
Non-ferrous metals: Copper wire bars - Rs 36,600, aluminium ingots - Rs 11,900, zinc slab - Rs 12,500, lead ingots Rs 12,000, tin slab - Rs 795 and nickel cathode - Rs 1,380 per kg.