Metal prices rise on improved industrial demand

Mumbai, Oct 6 (UNI) Metal prices rose on improved industrial demand in line with London Metal Exchange, traders at the Bombay Metal Exchange today said.

In ferrous section: copper heavy and copper utensils hiked by Rs 300 and Rs 100 per quintal respectively, while brass utensils and brass cuttings went up by Rs 400 and Rs 200 per quintal, respectively, on reduced stock supply.

In non-ferrous category: zinc slab declined by Rs 100 per quintal on increased offers by stockists. But lead ingots rose by Rs 50 per quintal on better buying support.

Nickel cathode eased by Rs 40 per kg on lack of fresh demand.

Following were the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 36,800, Copper utensils - Rs 32,200, Brass utensils - Rs 22,700, Brass cuttings - Rs 26,200 and Aluminium utensils - Rs 10,600.

Non-ferrous metals: Copper wire bars - Rs 40,500, Aluminium ingots - Rs 13,000, Zinc slab - Rs 18,900, Lead ingots - Rs 6,800, Tin slab - Rs 520 (per kg) and Nickel cathode - Rs 1,800 (per kg).

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