Select metals move up

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Mumbai, Jun 20 (UNI) Copper heavy and brass cuttings, in ferrous metals category, rose further today on physical buying by stockists in view of higher advice from London Metal Exchange (LME) along with Kolkata, Delhi and other centres, traders at the Bombay Metal Exchange said.

Copper heavy was up by Rs 100 and closed at Rs 37,900 and brass cutting increased by Rs 100 per quintal and ended at Rs 26,700 per quintal, owing to lesser stock supply by stockists.

Aluminium utensils registered a downward trend and fell by Rs 100 and ended at Rs 11,200 on persistent offloading by stock holders.

Copper utensils and brass utensils remained flat on scattered buying by stockists, traders said.

In non-ferrous metals, copper wire bars rose by Rs 100 and finished at Rs 41,300 per quintal on renewed buying support by stockists.

Nickel cathode was down by Rs 15 per kg amid sluggish demand by bulk consumers in view of weak global advice from London Metal Exchange (LME).

Aluminium ingot, zinc slab, lead ingot and tin slab remained unchanged on moderate demand by stockists, traders added.

Following are the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 37,900, copper utensils - Rs 33,800, brass utensils - Rs 25,100, brass cuttings - Rs 26,700 and aluminium utensils - Rs 11,200.

Non-ferrous metals: copper wire bars - Rs 41,300, aluminium ingots - Rs 14,600, zinc slab - Rs 10,100, lead ingots - Rs 10,400, tin slab - Rs 1,130 per kg and nickel cathode - Rs 1,215 per kg.


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