Ferrous

Mumbai, Sep 22 (UNI) An upward march was witnessed in ferrous and non-ferrous metals today following sustained demand by stockists along with encouraging advice from London Metal Exchange (LME), traders at the Bombay Metal Exchange (BME) said.

In ferrous metals, copper heavy and brass cuttings advanced by Rs 300 and Rs 400 per quintal respectively on lesser stock supply by bulk conusmers.

Copper heavy and brass cuttings ended at Rs 36,700 and Rs 26,400 per quintal respectively.

Copper utensils also soared by Rs 200 to end at Rs 34,500 per quintal on better buying support by industrial users.

Brass utensils, which increased by Rs 200 last Saturday, fell by Rs 100 to end at Rs 25,300 on susained heavy selling pressure by stockists.

In non-ferrous metals, copper wire bars rose by Rs 300 per quintal on lesser stock supply by stockists and finished at Rs 39,900.

Similarly, zinc slab, which was unchanged last Saturday, edged up by Rs 200 per quintal on brisk buying support and closed at Rs 10,300.

Tin slab also soared by Rs 5 to end at Rs 1,075 per kg on fresh demand by stockists while nickel cathode became cheaper by Rs 3 per kg to finish at Rs 997 on persistent offloading by stock holders, traders added.

Following were the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 36,700, copper utensils - Rs 34,500, brass utensils - Rs 25,300, brass cuttings - Rs 26,400 and aluminium utensils - Rs 10,900.

Non-ferrous metals: copper wire bars - Rs 39,900, aluminium ingots- Rs 13,100, zinc slab - Rs 10,300, lead ingots - Rs 10,500, tin slab - Rs 1,075 per kg and nickel cathode - Rs 997 per kg.

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