Select metals up on brisk buying

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Mumbai, Mar 15 (UNI) Select metals rose today on brisk buying, traders at Bombay Metal Exchange (BME) said here.

In the ferrous metal category, brass utensils and brass cuttings shot up by Rs 100 and Rs 300 per quintal on increased fresh demand, while copper utensils went down by Rs 200 per quintal due to absence of demand.

However, copper heavy and aluminium utensils remained unchanged on moderate demand.

In the Non-ferrous metal category, copper wire bar advanced by Rs 200 per quintal and tin slab and nickel cathode also soared by Rs 20 per kg each amid heavy demand from retailers.

Following are the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 36,400, copper utensils - Rs 32,800, brass utensils - Rs 25,300, brass cuttings - Rs 26,600 and aluminium utensils - Rs 11,700.

Non-ferrous metals: copper wire bars - Rs 39,800, aluminium ingots - Rs 15,000, zinc slab - Rs 13,800, lead ingots - Rs 13,000, tin slab - Rs 920 and nickel cathode - Rs 1,510 per kg.

UNI NV RN SKB1629

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