Select base metals firm up on strong global cues

Written by: Pti
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Mumbai, Feb 4 (PTI) Select base metals firmed up at thenon-ferrous metal market here today on persistent buyingby stockists amidst bullish trend at the London Metal Exchange(LME).

Meanwhile, copper armiture, zinc and lead eased onreduced offtake from consumer and alloy industries.

Tin prices hardened further by Rs 10 per kilo to 1,535from its overnight closing level of Rs 1,525 and copperutensils scrap strengthened by Rs 9 per kilo to Rs 427 asagainst Rs 418.

Nickel rose by Rs 5 per kilo to Rs 1,330 as compared toRs 1,325 and copper scrap heavy gained by Rs 4 per kilo toRs 461 from Thursday''s closing level of Rs 457.

Copper cable scrap and copper wire bar both edged up byRs 2 per kilo each to Rs 468 and Rs 496.

Copper sheet cutting and brass utensils scrap inched upby a rupee per kilo each to Rs 442 and Rs 311.

However, Copper armiture, zinc and lead all softened bya rupee per kilo each to Rs 446, Rs 134 and Rs 118respectively.

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