Key ferrous and non ferrous metal price rises

Mumbai, Aug 14 (UNI) Prices of select ferrous and non-ferrous metals remained firm on brisk fresh demand from industrial users in the face of reduced stocks at various centres, traders at the Bombay Metal Exchange (BME) said.

In ferrous section (per quintal), Copper heavy and its utensils rose by Rs 400 and Rs 200 respectively while brass utensils and aluminium utensils also rose by Rs 250 and Rs 50 respectively owing to strong advice from London Metal Exchange along with Delhi, Kolkata and others.

Similarly, in non ferrous metal segments (per quintal) copper wire bars, aluminium ingots and lead ingots also jumped up by Rs 200, Rs 50 and Rs 100 respectively while nickel cathode rose by Rs 30 per kg.

But tin slab crashed by Rs 15 per kg on sustained heavy offers by stockists in view of discouraging advice from LME and Chennai centres, traders added.

Trading in metal market will remain officially closed tomorrow for Independence day.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 34,700, Copper utensils - Rs 31,200, Brass utensils - Rs 25,500, Brass cuttings - Rs 27,000 and Aluminium utensils - Rs 11,350.

Non-ferrous metals: Copper wire bars - Rs 38,000, Aluminium ingots - Rs 13,500, Zinc slabs - Rs 17,800, Lead ingots - Rs 10,900, Tin slab - Rs 765 (per kg) and Nickel cathode - Rs 1,350 (per kg).

UNI