Select base metals rise on good industrial demand

July 07, 2010 05:15 pm | Updated 05:15 pm IST - Mumbai:

Select base metals rose modestly at the non-ferrous metal market here today on good industrial demand despite sluggish global cues.

Meanwhile, nickel prices declined further on lower demand from consumer industries.

Copper sheet cutting firmed up by Rs 4 per kilo to Rs 353 from yesterday’s closing level of Rs 349.

Copper scrap heavy, copper armiture and copper utensils scrap all moved up by Rs 2 per kilo each to Rs 360, Rs 355 and Rs 340.

Copper cable scrap, copper wire bar, brass sheet cutting and zinc all inched up by a rupee per kilo each to Rs 365, Rs 393, Rs 265 and Rs 107, respectively.

However, nickel fell further by Rs 5 per kilo to end at Rs 1,060 as against Rs 1,065 previously.

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