Select metals decline on poor demand

Mumbai, Mar 1 (UNI) Select metals declined on poor industrial demand traders at the Bombay Metal Exchange said today.

In the ferrous category, copper heavy slashed by Rs 200 per quintal because of sustained heavy selling pressure.

In the non-ferrous category, Copper wire bar eased by Rs 200 per quintal on increased offers by stockists and Zinc slab increased by Rs 200 per quintal on lesser stock supply.

Tin slab also fell by Rs nine per kg on thin buying support. But Nickel cathode went up by Rs 20 per kg on good demand.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 31,000, 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 34,800, aluminium ingots - Rs 14,500, zinc slab Rs 19,200, lead ingots - Rs 8,300, tin slab - Rs 682 (per kg) and nickel cathode - Rs 2,090 (per kg).

UNI