Base metals slip on subdued demand
Base metals including copper, brass, tin and nickel slipped at the non-ferrous metal market today due to stockists' selling amid subdued demand from industrial users.
On the other hand, lead gained further owing to rising demand from alloy industries.
Nickel declined by Rs 15 per kg to Rs 1,030 from Tuesday's closing level of Rs 1,045 and tin slid by Rs 5 per kg to Rs 1,455 as against Rs 1,460.
Copper cable scrap, copper scrap heavy and copper billets edged down by Rs 2 per kg each to Rs 479, Rs 474 and Rs 507 as compared Rs 481, Rs 476 and Rs 509, respectively.
Copper armature, copper utensils, copper sheet cuttings, brass utensils scrap and brass sheet cuttings softened by a rupee per kg each to Rs 468, Rs 442, Rs 466, Rs 344 and Rs 363, respectively.
However, lead edged up by Rs 2 per kg to Rs 177 from Rs 175 previously.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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