Ferrous metal prices rise further

Mumbai, Mar 16 (UNI) Ferrous metal prices today rose further on lesser stocks supply from industrial users in view of firm advice from London Metal Exchange (LME), traders at the Bombay Metal Exchange (BME) said today.

In ferrous segment, copper heavy and brass utensils edged up by Rs 700 and Rs 200 per quintal due to good demand from retailers.

Copper utensils and brass cuttings also increased by Rs 500 each per quintal on increased of fresh demand.

In non-ferrous category, barring copper wire bars, which hiked by Rs 700 per quintal on heavy demand from retailers, others remained steady.

Nickel Cathode also inched by Rs 130 per kg.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 33,200, copper utensils - Rs 30,500, brass utensils - Rs 24,200, brass cuttings - Rs 26,000 and aluminium utensils - Rs 12,000.

Non-ferrous metals: Copper wire bars - Rs 36,200, aluminium ingots - Rs 14,400, zinc slab Rs 18,500, lead ingots - Rs 9,000, tin slab - Rs 730 (per kg) and nickel cathode - Rs 2,330 (per kg).

UNI