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Aluminium ingots, zinc slabs eased on larger stocks arrival

Written by: Staff
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Mumbai, June 29 (UNI) Price of aluminium ingots and zinc slab in non-ferrous metal eased on thin industrial demand along with bearish advice from London Metal Exchange, traders at the Bombay Metal Exchange today said.

In ferrous section (per quintal) ; copper heavy and copper utensils and brass utensils and brass cuttings were unchanged, on lack of fresh buying support by local dealers.

However, aluminium utensils remained unchanged on scattered demand.

In non-ferrous section (per quintal), aluminium igots and zinc slab prices declined by Rs 100, each on sustained heavy offers by stockists, induced by discouraging advice from LME along with Kolkata and Delhi.

However, tin slab and nickel cathode remained steady on lack of fresh interest by local dealers.

Following were the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 32,500, copper utensils - Rs 26,500, brass utensils - Rs 19,000, brass cuttings - Rs 23,000, aluminium utensils - Rs 10,000.

Non-ferrous metals: copper wire bars - Rs 36,800, aluminium ingots - Rs 12,900, zinc slab - Rs 16,700, lead ingots - Rs 6,000, tin slab - Rs 455 (per kg), nickel cathode - Rs 1,070 (per kg).

UNI AR MJ AG1635

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