Mixed trend in metal prices
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Prices of copper moved down due to slowing demand from industrial users coupled with lower LME advices while brass and lead recovered on renewed industrial support in a subdued non-ferrous metal market on Tuesday. Copper utensils scrap fell by Rs 3 a kg to Rs 231. Copper cable scrap, copper scrap heavy, copper armature and copper wire bar moved down by Rs 2 a kg each to Rs 247, Rs 244, Rs 242 and Rs 275 respectively. Copper sheets cutting also ended slightly lower by Re 1 a kg to Rs 240. Brass sheets cutting firmed up by Rs 4 a kg to Rs 185, brass utensils scrap by Rs 2 a kg to Rs 178 and lead by Rs 2 a kg to Rs 87.
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Source : Business Line |
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