Select metal prices recover on fresh industrial demand
Mumbai, Mar 6 (UNI) Select metal prices recovered on fresh industrial demand along with the London Metal Exchange, traders at the Bombay Metal Exchange said today.
In the Ferrous category, Copper utensils rose by Rs 200 per quintal, Brass utensils and brass cuttings also inched up by Rs 100 each per quintal respectively on higher advice.
In the Non-ferrous category, Zinc slab and copper wire bars rose by Rs 200 each per quintal while Lead ingot went up by Rs 100 per quntal on reduced stock supply.
Nickel cathode eased by Rs 10 per kg on lack of fresh demand.
Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 30,600, Copper utensils - Rs 28,700, Brass utensils - Rs 23,300, Brass cuttings - Rs 24,400 and Aluminium utensils - Rs 11,900.
Non-ferrous metals: Copper wire bars - Rs 34,000, Aluminium ingots - Rs 14,400, Zinc slab Rs 18,700, Lead ingots - Rs 8,300, Tin slab - Rs 680 (per kg) and Nickel cathode - Rs 2,040 (per kg).
UNI