Tin, Copper, brass scrap prices rise on firm global advice

Mumbai, Aug 2 (UNI) Prices of tin slab, copper utensils, nickel cathode went up on sustained heavy industrial demand in view of bullish advice from London Metal Exchange (LME), traders at the Bombay Metal Exchange said.

In the ferrous metals group, copper heavy and copper utensils were up by Rs 100 and Rs 200 per quintal each on fresh buying support while brass utensils and brass cuttings also gained by Rs 50 and Rs 100 per quintal respectively on renewed good industrial demand in view of encouraging advice from LME, along with Kolkata, Delhi and Indore centres.

In the non-ferrous metals segment, copper wire bars, aluminium ingots, zinc slab and lead ingots too were up between Rs 100 and Rs 300 per quintal on lesser stock supply.

Tin slab also hiked by Rs 20 per kg in line with ferrous metal prices.

Nickel cathode, however, was up by Rs five per kg on renewal improved industrial demand induced by firm advice from LME, Kolkata and Delhi centres.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 35,500, Copper utensils - Rs 31,700, Brass utensils - Rs 25,500, Brass cuttings - Rs 27,000 and Aluminium utensils - Rs 11,500.

Non-ferrous metals: Copper wire bars - Rs 38,800, Aluminium ingots - Rs 13,700, Zinc slabs - Rs 18,400, Lead ingots - Rs 11,000, Tin slab - Rs 770 (per kg) and Nickel cathode - Rs 1,485 (per kg).

UNI