Metal prices rise on better buying support

Mumbai, Sep 4 (UNI) Metal prices rose on better buying support alognwith London Metal Exchange, traders at the Bombay Metal Exchange today said.

In the ferrous segment, brass cutting hiked by Rs 100 per quintal on reduced stock supply.

In the non-ferrous category, copper wire bars aluminium ingots and zinc slab went up by Rs 200, Rs 50 and Rs 100 per quintal, respectively, on lack of fresh demand.

Tin slab and nickel cathode came down by Rs six and Rs 15 per kg on poor demand.

Following were the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 37,000, Copper utensils - Rs 32,500, Brass utensils - Rs 22,500, Brass cuttings - Rs 26,000 and Aluminium utensils - Rs 10,900.

Non-ferrous metals: Copper wire bars - Rs 41,000, Aluminium ingots - Rs 12,950, Zinc slab - Rs 18,900, Lead ingots - Rs 6,500, Tin slab - Rs 534 (per kg) and Nickel cathode - Rs 1,755 (per kg).

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