Ferrous and non-ferrous metals rise

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Mumbai, Oct 18 (UNI) Both ferrous and non-ferrous metals advanced today on brisk buying support, traders at the Bombay Metal Exchange (BME) said.

In ferrous metals, copper heavy surged by Rs 800 per quintal on better buying support by stockists.

Finally copper heavy rested at Rs 31,400 per quintal.

Even copper utensils and brass utensils also edged up by Rs 100 per quintal each amid lesser stock supply by bulk consumers.

Gaining by Rs 100 each, copper utensils and brass utensils finisehd at Rs 28,100 and 23,100 per quintal.

However, aluminium utensils remained flat on moderate demand by bulk dealers.

In non-ferrous metals, copper wire bars shot up by Rs 700 per quintal to end at Rs 34,700 on fresh demand by stockists.

Tin slab also soared by Rs 10 to finish at Rs 830, while nickel cathode reduced by Rs 60 to end at Rs 730 per kg.

Aluminium ingot, zinc slab and lead ingot remained steady on moderate demand, traders added.

Following were the spot metal prices per quintal: Ferrous metals: copper heavy - Rs 31,400, copper utensils - Rs 28,100, brass utensils - Rs 23,100, brass cuttings - Rs 23,600 and aluminium utensils - Rs 10,400.

Non-ferrous metals: copper wire bars - Rs 34,700, aluminium ingots - Rs 12,800, zinc slab - Rs 9,000, lead ingots - Rs 9,500, tin slab - Rs 830 per kg and nickel cathode - Rs 730 per kg.


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