Zinc slab, nickel ease

By Staff
|
Google Oneindia News

Mumbai, July 10 (UNI) Zinc slab and nickel eased on lack of fresh demand here, traders at the Bombay Metal Exchange said today.

In the ferrous category, copper utensils and brass cuttings declined by Rs 100 and Rs 200 per quintal respectively on poor demand.

In the non-ferrous category, copper wire bars rose by Rs 100 per quintal on better buying support while zinc slab drifted lower by Rs 500 per quintal on lack of fresh demand.

Tin slab went up by Rs five per kg on reduced stock supply while nickel cathode fell by Rs 40 per kg.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 35,500, Copper utensils - Rs 32,000, Brass utensils - Rs 25,700, Brass cuttings - Rs 27,400 and Aluminium utensils - Rs 11,400.

Non-ferrous metals: Copper wire bars - Rs 38,900, Aluminium ingots - Rs 13,500, Zinc slabs - Rs 18,000, Lead ingots - Rs 10,500, Tin slab - Rs 695 (per kg) and Nickel cathode - Rs 1,600 (per kg).

UNI

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