Copper utensils, Lead ingot decline

Mumbai, Jan 2 (UNI) Prices of Copper utensils and Lead ingot drifted lower by Rs 100 per quintal owing to heavy selling pressure from industrial users along with discouraging advice from domestic centres like Kolkata and Delhi, traders at the Bombay Metal Exchange (BME) said.

Copper heavy, Brass cuttings and Aluminium utensils in ferrous metals and Copper wire bar, Aluminium ingot and Zinc slab in non-ferrous metals remained unchanged.

However, prices of tin slab and nickel cathode rose by Rs 10 per kg each because of lesser stock supply.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 33,000, copper utensils - Rs 31,100, brass utensils - Rs 24,700, brass cuttings - Rs 25,400 and aluminium utensils - Rs 10,400 per kg.

Non-ferrous metals: Copper wire bars - Rs 36,600, aluminium ingots - Rs 12,000, zinc slab - Rs 12,600, lead ingots Rs 11,900, tin slab - Rs 800 and nickel cathode - Rs 1,375 per kg.

UNI NV OBB SM1637