Copper prices rise on increase of fresh industrial demand

Mumbai, Aug 5 (UNI) Copper prices rose on increase of fresh industrial demand, according to traders at the Bombay Metal Exchange (BME) today.

In ferrous segment: copper heavy, copper utensils and brass utensils hiked by Rs 500 each per quintal while brass cuttings sed aluminium utensils increasaed by Rs 200 and Rs 300 per quintal respectively on reduced stock supply.

In non-ferrous category: copper wire bars and lead ingots went up by Rs 200 and Rs 50 per quintal on better buying support.

Tin slab and nickel cathode rose by Re one and Rs 30 per kg on improved demand.

Following were the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 38,000, copper utensils - Rs 33,000, brass utensils - Rs 22,500, brass cuttings - Rs 25,700 and aluminium utensils - Rs 11,000.

Non-ferrous metals: Copper wire bars - Rs 41,800, aluminium ingots - Rs 13,000, zinc slab - Rs 18,900, lead ingots - Rs 6,350, tin slab - Rs 486 (per kg) and nickel cathode - Rs 1,355 (per kg).

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