Select metals rise in ferrous category

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Mumbai, May 6 (UNI) Copper heavy and brass utensils in ferrous metals edged up today on renewed buying support by stockists from Kolkata, Delhi and Indore and strong advice from London Metal Exchange (LME), traders at the Bombay Metal Exchange (BME) said.

Copper heavy and brass utensils advanced by Rs 100 and Rs 200 per quintal respectively amid renewed buying support by stockists.

Copper utensils fell by Rs 200 per quintal because of sluggish demand by bulk consumers.

However, brass cuttings and aluminium utensils remained unchanged on scattered buying by stockists.

In non-ferrous metal category, lead ingot eased by Rs 100 per quintal on persistent offloading by stock holders while tin slab improved by Rs 5 per kg due to lesser stock supply by small industries.

Key metals like copper wire bars, aluminium ingot and zinc slab remained flat on moderate demand, traders added.

Following are the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 36,500, copper utensils - Rs 32,800, brass utensils - Rs 25,400, brass cuttings - Rs 26,200 and aluminium utensils - Rs 11,100.

Non-ferrous metals: copper wire bars - Rs 40,000, aluminium ingots - Rs 14,300, zinc slab - Rs 11,300, lead ingots - Rs 12,600, tin slab - Rs 1,020 per kg and nickel cathode - Rs 1,360 per kg.


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