Copper utensils and copper wire bars rise

Mumbai, Jul 1 (UNI) Select metals like copper untensils in ferrous metals category and copper wire bars in non-ferrous metals category today went up on increase in fresh demand by stockists and encouraging advice from markets in Delhi, Kolkata and other centres, traders at the Bombay Metal Exchange said.

In ferrous metal category, Copper utensils went up by Rs 300 on better buying support and ended at Rs 34,900.

Brass cuttings fell by Rs 300 on sustained heavy selling pressure by stockists and finished at Rs 26,700.

Copper heavy, brass utensils and aluminium utensils remained unchanged on moderate demand by stockists, traders said.

In non-ferrous metal category, copper wire barS advanced while tin slab and nickel cathode drifted lower.

The prices of copper wire bars shot up by Rs 200 and ended at Rs 42,100 amid reduced stock supply by stockists.

Tin slab and nickel cathode declined by Rs 3 and Rs 5 per kg on persistent offloading by stock holders.

Tin slab and nickel cathode closed at Rs 1,167 and Rs 1,175 per kg respetively.

Rest, aluminium ingot, zinc slab and lead ingot remained unchanged on scattered buying by stockists, traders added.

Following are the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 38,600, copper utensils - Rs 34,900, brass utensils - Rs 25,400, brass cuttings - Rs 26,700 and aluminium utensils - Rs 11,400.

Non-ferrous metals: copper wire bars - Rs 42,100, aluminium ingots - Rs 14,800, zinc slab - Rs 10,300, lead ingots - Rs 10,500, tin slab - Rs 1,167 per kg and nickel cathode - Rs 1,175 per kg.

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