Copper utensils and brass cuttings down

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Mumbai, July 15 (UNI) Copper utensils and brass cuttings today further declined by Rs 100 per quintal each in the ferrous metal category on sluggish demand by stockists along with weak global advice from London Metal Exchange (LME), traders at the Bombay Metal Exchange said.

Copper utensils and brass cuttings, after falling by Rs 100 each, ended at Rs 34,900 and 26,700 per quintal respectively.

Brass utensils today recovered by Rs 100 to finish at Rs 25,300 per quintal on improved demand by bulk consumers.

Copper heavy and aluminium utensils remained unaltered on moderate demand, traders said.

In the non-ferrous metals segment, copper wire rose by Rs 100 to close at Rs 41,700 on speculative buying by stockists along with strong advice from London Metal Exchange.

While zinc slab and lead ingot registered a downward trend, slipping by Rs 100 and Rs 300 per quintal respectively on persistent offloading by stock holders.

Tin slab increased by Rs 10 per kg on fresh demand by industrial users, traders added.

Following are the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 38,300, copper utensils - Rs 34,900, brass utensils - Rs 25,300, brass cuttings - Rs 26,700 and aluminium utensils - Rs 11,600.

Non-ferrous metals: copper wire bars - Rs 41,700, aluminium ingots- Rs 15,000, zinc slab - Rs 10,700, lead ingots - Rs 10,700, tin slab - Rs 1,155 per kg and nickel cathode - Rs 1,130 per kg.

UNI NV GS OBB AG1708

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