Copper eases on sluggish demand by stockists

By Staff
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Google Oneindia News

Mumbai, Mar 14 (UNI) Copper eased on sluggish demand by stockists, even as the London Metal Exchange remained steady, traders at the Bombay Metal Exchange said today.

In ferrous segment, copper heavy and copper utensils declined by Rs 200 and Rs 100 per quintal due to thin buying support. Brass cuttings hiked by Rs 100 on increased of fresh demand.

In non-ferrous category, aluminium ingot and zinc slab fell by Rs 100 each on poor demand, while copper wire bar slashed by Rs 200 per quintal on increased of offers by stockists.

Tin slab and Nickel Cathode remained steady on moderate demand.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 31,800, copper utensils - Rs 29,500, brass utensils - Rs 23,800, brass cuttings - Rs 25,100 and aluminium utensils - Rs 11,900.

Non-ferrous metals: Copper wire bars - Rs 35,100, aluminium ingots - Rs 14,300, zinc slab Rs 18,200, lead ingots - Rs 8,500, tin slab - Rs 700 (per kg) and nickel cathode - Rs 2,140 (per kg).

UNI

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