Select metals fall on sluggish demand

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Mumbai, May 10 (UNI) Select metals fell today on sluggish demand by stockists from Kolkata, Delhi, Indore and other centres, traders at the Bombay Metal Exchange (BME) said.

In ferrous metal category, copper utensils and brass utensils went down by Rs 200 per quintal each on sustained heavy selling pressure by stockists.

However, copper heavy rose by Rs 100 per quintal amid fresh industrial demand.

There was no change in brass cuttings and aluminium utensils today due to ample stock, traders said.

In non-ferrous metal category, copper wire bars slashed by Rs 200 per quintal on sluggish demand from stockists.

Aluminium ingot, zinc slab, lead ingot and nickel cathode remained steady on moderate demand by small industries, traders added.

Following are the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 36,600, copper utensils - Rs 33,000, brass utensils - Rs 25,200, brass cuttings - Rs 26,300 and aluminium utensils - Rs 11,100.

Non-ferrous metals: copper wire bars - Rs 39,900, aluminium ingots - Rs 14,300, zinc slab - Rs 11,300, lead ingots - Rs 12,700, tin slab - Rs 1,070 per kg and nickel cathode - Rs 1,335 per kg.

UNI NV RN SM1643

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