Base metals slip on subdued demand
Base metals including copper, brass and aluminium ingots slipped at the non-ferrous metal market here today on stockists' selling amid subdued demand from industrial users.
While aluminium utensils recovered marginally owing to fresh demand from consuming industries.
Copper scrap heavy declined by Rs 9 per kg to Rs 425 from Tuesday's close at Rs 434.
Copper cable scrap and copper billets slid by Rs 8 per kg each to Rs 435 and Rs 463 as against Rs 443 and Rs 471, respectively.
Copper sheet cuttings decreased by Rs 7 per kg to Rs 399 as compared to yesterday's close at Rs 406.
Copper armature went down by Rs 6 per kg to Rs 404 as against Rs 410 yesterday.
Copper utensils and zinc moved down by Rs 5 per kg each to Rs 378 and Rs 236 from Rs 383 and Rs 241, respectively.
Brass utensils scrap and brass sheet cuttings edged down by Rs 3 per kg each to Rs 301 and Rs 319 as compared with Rs 304 and Rs 322, respectively.
Aluminium ingots softened by a Re per kg at Rs 153.
However, aluminium utensils inched up to Rs 121.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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