Select base metals decline on reduced demand

Select base metals including copper and nickel prices declined further at the non-ferrous metal market here today following stockists' selling amidst reduced demand from industrial users.

While, brass prices rebounded owing to renewed demand from alloy industries.

Nickel fell by Rs 5 per kg to Rs 770 from last Saturday's closing level of Rs 775.

Copper cables scrap, copper scrap heavy and copper billets prices dropped by Rs 4 per kg each to Rs 435, Rs 422 and Rs 463 from Rs 439, Rs 426 and Rs 467, respectively.

Copper armiture and copper utensils scrap softened by a Re per kg each to Rs 405 and Rs 381, respectively.

However, brass utensils scrap and brass sheet cutting rose by Rs 5 per kg each to Rs 305 and Rs 320 as against Rs 300 and Rs 315.

Copper sheet cutting edged-up by a Re per kg to Rs 400.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)