Brass cutting and nickel rises on better industrial demand

Mumbai, Feb 27 (UNI) Brass cutting and nickel rose on better industrial demand as the London Metal Exchange rose, traders at the Bombay Metal Exchange said today.

In the ferrous category, copper utensil and copper heavy declined by Rs 500 and Rs 600 per quintal respectively on sustained heavy selling pressure. But brass cutting shot up by Rs 1,000 per quintal on increase of fresh demand.

In the non-ferrous category, Copper wire bar eased by Rs 300 per quintal on increased offers by stockists.

Tin slab also fell by Rs six per kg on thin buying support. But Nickel cathode went up by Rs 10 per kg on good demand.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 31,200, copper utensils - Rs 29,500, brass utensils - Rs 23,500, brass cuttings - Rs 25,000 and aluminium utensils - Rs 11,900.

Non-ferrous metals: Copper wire bars - Rs 35,000, aluminium ingots - Rs 14,500, zinc slab Rs 19,000, lead ingots - Rs 8,300, tin slab - Rs 690 (per kg) and nickel cathode - Rs 2,070 (per kg).

UNI