Metal prices up owing to good demand from retailers

Mumbai, Jan 4 (UNI) Prices of both Ferrous and Non-ferrous metal categories advanced today on good demand from retailers along with encouraging advice from domestic centres like Kolkata and Delhi, traders at the Bombay Metal Exchange (BME) said.

In ferrous-metals, Copper heavy and Copper utensils rose by Rs 400 and Rs 300 per quintal on better buying support. Brass utensils also shot up by Rs 100 per quintal on increase in demand.

Brass cuttings and Aluminium utensils remained flat on moderate demand, traders said.

In Non-ferrous metals, Copper wire bar and Zinc slab inched up by Rs 300 per quintal respectively because of reduced stock supply.

Lead ingot also soared by Rs 200 per quintal.

Aluminium ingot and Tin slab remained steady on moderate demand.

Nickel cathode has risen by Rs 60 per kg in two days on better buying support, traders added.

Following are the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 33,600, copper utensils - Rs 31,400, brass utensils - Rs 24,800, brass cuttings - Rs 25,400 and aluminium utensils - Rs 10,400 per kg.

Non-ferrous metals: Copper wire bars - Rs 37,000, aluminium ingots - Rs 12,000, zinc slab - Rs 13,000, lead ingots Rs 12,000, tin slab - Rs 800 and nickel cathode - Rs 1,465 per kg.

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