Select base metals improves further on firm demand

Jan 23 2013, 18:28 IST
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SummarySelect base metals improved further at the non-ferrous metal market here today on sustained stockist buying amidst firm industrial demand.

Select base metals improved further at the non-ferrous metal market here today on sustained stockist buying amidst firm industrial demand.

Meanwhile, nickel declined owing to lower demand from alloy industries.

The industrial metals were trading flat at the LME, amidst modest Chinese buying ahead of next month's holidays.

Copper utensils scrap climbed by Rs 3 per kg to Rs 450 from Tuesday's closing level of Rs 447 and copper sheet cutting edged up by Rs 2 per kg to Rs 470 from Rs 468.

Copper cable scrap, copper scrap heavy, copper armiture, copper wire bar, brass sheet cutting and zinc all inched-up by a rupee per kg each to Rs 494, Rs 484, Rs 474, Rs 522, Rs 335 and Rs 147 respectively.

However, nickel fell by Rs 5 per kg to Rs 1,100 from Rs 1,105 and brass utensils scrap softened by a rupee per kg to Rs 324.

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